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Brent Crude (BZ) oil currently costs $131 per barrel. The yield on T-bills is 1.5% (EAR). 1. What should be the futures price for a

Brent Crude (BZ) oil currently costs $131 per barrel. The yield on T-bills is 1.5% (EAR).

1. What should be the futures price for a barrel of Brent Crude (BZ) oil to be delivered in 12 months?

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 $98.25?

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