b) Given that you have bought a Call Option to purchase Brent Blend crude at a Strike Price of $49/bbl for a volume of 200,000 barrels. You have paid a premium of $2.50/bbl to the counterparty of the contract. During the month in which the option is exercisable, Brent Blend is trading at $52.46/bbl. Critically evaluate whether you would exercise your Call Option and make a valid judgement based on numerical calculations.