10 Yeur utility company will need to buy 100,000 barrels of oil in 10 days time, and it is worried about el costs. Suppose your long 100 oil futures contracts, each for 1000 barrels of oil, at the current Futures price of $60 per barrel. Suppose futures prices change each day as follows 562.50 US 16.0180. $59.50 ww 55175 58.00 $5750 5610 What is the mark-to-market profit or loss (in dollars) that you will have on the first three days? b. What is your total profit or loss after 10 days? Have you been protected against a rise in oil prices? Explain c. What is the largest cumulative loss you will experience over the 10-day period? In what case might this be a