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2. Example of a flat price trade. You are short 1 WTI contract (1,000 bbl). The closing price yesterday was $40 and the closing price

2. Example of a flat price trade. You are short 1 WTI contract (1,000 bbl). The closing price yesterday was $40 and the closing price today is $41. What is your new mark to market P&L on this trade?

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