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Consider a speculator in a long oil futures contract that controls 1000 barrels of oil. If the speculator signs 2 long positions when the price

Consider a speculator in a long oil futures contract that controls 1000 barrels of oil. If the speculator signs 2 long positions when the price of oil is 103.9, and the price of oil changes to 40.9, how much money has the speculator made or lost?

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