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Go to the St. Louis Federal Reserve FRED database, and find data on crude oil prices (DCOILWTICO). Suppose that one month ago you entered into

Go to the St. Louis Federal Reserve FRED database, and find data on crude oil prices (DCOILWTICO). Suppose that one month ago you entered into a forward contract to sell 1 million barrels of oil at the forward rate equivalent to the spot rate one month ago. What price was specified on the forward contract? (Find the most recent data available, and then use the data from one month prior.) What will be the payment in dollars when the contract is executed? In hindsight, would you have been better off or worse off by not entering into the forward contract?

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