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Suppose you bought oil futures in the amount of 1,000 barrels at a futures price of $75.50 per barrel. You held the futures contract until

Suppose you bought oil futures in the amount of 1,000 barrels at a futures price of $75.50 per barrel. You held the futures contract until expiration. If your total loss on the contract was -$2,000, what was the market price of oil at expiration of the contract?

$76.50 per barrel
$74.50 per barrel
None of the other answer choices are correct
$77.50 per barrel
$73.50 per barrel

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