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Suppose that in September 2015 a company takes a long position in a contract on May 2016 crude oil futures. It closes out its position

Suppose that in September 2015 a company takes a long position in a contract on May 2016 crude oil futures. It closes out its position in March 2016. The futures price (per barrel) is $94.47 when it enters into the contract, $65.92 when it closes out its position, and $69.95 at the end of December 2015. One contract is for the delivery of 1,000 barrels. What is the companys total profit?

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