Mogul oil company will sell 5000 barrels of oil in 4 months. Suppose Mogul hedges the risk by selling futures on 5000 barrels of oil. The current oil futures price is $18.1 dollars per barrel. If in 4 months the spot price of oil is $16.5 and the futures price is $18.8 per barrel, what is Mogul's effective price of oil per barrel? 204 17.2 15.8 1811 165 23