Storage and insurance costs on oil are $2.18 per barrel paid every 2 months and were paid one month ago. 8 months ago, the price of oil was $85.14 per barrel and you took a long position in a forward contract on oil with a quantity of 6100 barrels and that matured in 14 months (at that time). Now, the spot price of oil is $88.08 per barrel. Calculate the value of your forward contract. The risk-free rate has always been 4.44 %.

A) $ -47499

B) $ 27801

C) $ -33899

D) $ 5901