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Blank 1: 1000/100/10/1 Blank 2: long/short/flat/twisted Question 1 4 pts Apache (APA) is a producer of crude oil, and plans to sell 10,000 barrels oil

Blank 1: 1000/100/10/1

Blank 2: long/short/flat/twistedimage text in transcribed

Question 1 4 pts Apache (APA) is a producer of crude oil, and plans to sell 10,000 barrels oil on April 30, 2020. The CME lists oil futures expiring that date with a size of 1000 barrels per Select] contract. To hedge the transaction, the firm will enter [Select] CME oil futures contracts

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