If you short a November futures contract for oil and do not close your position before November, you will be on the hook to sell 1,000 barrels of oil. True False QUESTION 24 What is the minimum price fluctuation for crude oil futures contract? (what is the smallest step the contract value can change at one time) A. 10 cents B. $1.00 C. $10.00 D. $100 QUESTION 25 Futures contracts can be customized. For example, a farmer could choose to deliver only 3,000 bushels of corn and the price would be adjusted accordingly. True False