Comstock Resources, Inc. (CRK) is a US petroleum producer. CRK wishes to hedge the price they will receive for their oil production for the first Quarter by using WTI Crude Oil Futures. Part 1: Should CRK BUY or SELL WTI Futures? Enter your answer as 1 for BUY or 0 for SELL. CRK should WTI Futures. Eor the remaining parts of this question, perform all calculations on a per barrel of oil basis, rounded to two decimal places. per barrel at that time is $71.65. Their per barrel Gain/Loss on their hedge is $ . Enter your answer as a positive number for a Gain and negative for a Loss. Part 3: The per barrel Spot price at the time of closing their hedge is $72.12. The Net price per barrel that CRK receives for their oil is $ Part 4: The Basis risk that CRK realized is \$ per barrel