The current spot price of crude oil is $107 per barrel and the three-month crude cil futures price is quoted at $110 per barrel. The proportional storage cost of crude oil is 1.9% per annum with continuous compounding and the risk-free interest rate is 2.2% per annum for all maturities with continuous compounding. What is the cost of carry for crude oil? (Your answer should be in decimah and accurate to three decimal places, i.e. 5.4% should be written as 0.054 )