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[1 point) Tommy took a short position on eight October 2021 Crude Oil contracts at $70.34 per barrel since prices had been rising steadily. On

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[1 point) Tommy took a short position on eight October 2021 Crude Oil contracts at $70.34 per barrel since prices had been rising steadily. On July 13th, the price for the October 2021 contract reached $73.70 per barrel and then bottomed out a few days later, on July 19th, at $65.76. If Tommy closes out his position today (August 17th) at $66.56 per barrel, what is his gain/loss per barrel on his trade? Each contract is for 1,000 barrels

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