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on 24 Gewer Quickoil enters into a short futures contract when the futures price of oil is $50 per barrel. The contract specifiedelivery of 100.000

on 24 Gewer Quickoil enters into a short futures contract when the futures price of oil is $50 per barrel. The contract specifiedelivery of 100.000 barrels of oil. How much does QuickOil lose if the price of oil is $58.81 at the end of the contract

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