29. Suppose XYZ portfolio manager entered a futures contract of crude oil when the futures prices of Sep 2020 expiry was $70. The spot price at that time was $67.5. At the end of the month, XYZ decided to roll over the futures contract to October but at that time the spot price was trading at $67.5 and the futures price was trading at $72. What is the roll return in this case and is the market in Contango or Backwardation? O a 2.86%, Backwardation O b. 3.7%, Backwardation Oc (3.7%), Contango O d. 3.7%, Contango O e. (2.86%), Contango