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An investor enters into a short position in 15 oil futures contracts at a futures price of $ 90.3 per barrel and closes out the

An investor enters into a short position in 15 oil futures contracts at a futures price of $ 90.3 per barrel and closes out the position at a price of $ 92.5 per barrel. If one oil futures contract is for 1,000 barrels, what are the investor's gains or losses?

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