The 1-year futures price for oil is $60/barrel. The volatility of oil is 25%. The continuously compounded risk-free rate of return is 3%. A 1-year European call option on the futures contract has a strike price of $58. Under the Black-Scholes framework, calculate the price of the European call option. A) 4.57 B) 5.90 C) 6.72 D) 6.92 E) 7.83