On June 15, the spot price of crude oil is USD 97.

The monthly storage cost id USD 0.60/bbl, and the annual risk-free interest rate is 2%. If the crude oil can be stored for six months but cannot be sold out of storage before the sixmonth storage term ends, what breakeven forward price per barrel supports the storage strategy?

a. USD 100.3

b. USD 97.97

c. USD 101.57

d. USD 95