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The futures price on the nearby crude oil contract is currently $ 6 8 . 6 5 . Each crude oil contract is for 1

The futures price on the nearby crude oil contract is currently $68.65. Each crude oil contract is for 1,000 barrels. You took a long position at the current price. At expiration, futures price closed at $69.85. What is your net profit/loss from holding 1 contract?
$1,200.00
-$1.20
-$1,200.00
$1.20

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