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O TU 12 Question 9 [Max. Marks = 4 = 2x2] Following are the futures market quotes for Crude Oil futures from CME group of

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O TU 12 Question 9 [Max. Marks = 4 = 2x2] Following are the futures market quotes for Crude Oil futures from CME group of commodities on July 13, 2012. Open High Low Prior settlement Last frodic Change Volume Crude Oil, 1.000 barrels, Sper barrel Aug 2012 85.86 8761 85.58 Sept. 2012 86.33 88.00 35.95 Dec. 2012 87.45 89.21 87.39 Dec, 2013 $8.85 90.1588.78 Dec 2014 87,20 87.74 87.20 36.08 6.46 87.73 88.92 87.28 87.68 88.94 89.95 87.74 +1.20 223.698 +1.2287,931 +1.21 31.701 +1.03 11.128 +0.76 2.388 36.98 1. What kind of Crude Oil futures market behavior (normal, inverted to these quotes are showing? Why? 2. In the above table what does Open mean? TD

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