Consider it is April 2020 and a company will need to sell 100,000 barrels of oil in June 2021. Each futures contract is based on 1,000 barrels. It decides to hedge with a short position with a hedge ratio of 1.0. The current spot price of oil is $19. The company decided to roll its hedge position forward at 6-month intervals. The following table shows all futures prices as well as the spot price in June 2021.

The profit from only the rolling hedge strategy would be (round the answer two digits after decimal if needed):

Date April September February June 2020 2020 2021 2021 October 2020 Futures 18.20 18.40 Iprice 18.00 17.50 March 2021 Futures price July 2021 Futures price 16.80 15.30 Spot price 19.00 16.00