Air China wants to hedge the price of fuel as fuel costs are a major expenditure. Air China can

Select one:

a. Lock in a price to buy fuel by taking a short position in oil/fuel forward contracts

b. Lock in a price to buy fuel by taking a long position in oil/fuel forward contracts

c. Lock in a price to sell fuel by taking a short position in oil/fuel futures contracts

d. Lock in a price to sell fuel by taking a long position in oil/fuel forward contracts