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It is February 26. An oil producer in Canada sells November crude oil futures at $51.93 per barrel The oilman expects the local basis to

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It is February 26. An oil producer in Canada sells November crude oil futures at $51.93 per barrel The oilman expects the local basis to be $3.52 per barrel under in October. What cash price does the oilman expect to receive in October? [Please answer to two decimal places)

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