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Brent Crude ( BZ ) oil currently costs $ 1 2 9 per barrel. The yield on T - bills is 1 . 1 %

Brent Crude (BZ) oil currently costs $129 per barrel. The yield on T-bills is 1.1%(EAR).
Part 1
What should be the futures price for a barrel of Brent Crude (BZ) oil to be delivered in 12 months?
Part 2
What should be the futures price for a barrel of Brent Crude (BZ) oil to be delivered in 24 months if the current spot price is $96.75?

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