How pip value is calculated for XTI/USD
WTI crude oil (XTI/USD) is quoted in US dollars per barrel. Here one pip is 0.01 and a standard lot is 1,000 barrels, so one pip on one lot is worth $10.00, and a $1.00 move is 100 pips. Oil CFD contract sizes vary between brokers (100 and 1,000 barrels are both common), so confirm on your platform.
Worked example
Holding 1 standard lot of XTI/USD:
0.01 × 1,000 = $10.00
One pip is worth $10.00. A 50-pip move is worth $500.00 on one lot, $50.00 on a mini lot and $5.00 on a micro lot.
These are the calculator's default inputs above, so its result matches.