The spot price of crude oil is $82 per barrel, and the annual storage cost of oil is $2.0 per barrel payable monthly in advance. The term structure of interest rates is flat at 4% with continuous compounding. If the 2-month futures price for crude oil is $84 per barrel, how can riskless profit be made (if possible)?O Enter a long position in the crude oil futures contract, short sell crude oil and invest excess funds to make an arbitrage profit of $1.12 per barrel.O Borrow to buy and store crude oil and enter a long position in the crude oil futures contract to make anarbitrage profit of $0.56 per barrel.OArbitrage is not available.O Borrow to buy and store crude oil and enter a short position in the crude oil futures contract to make an arbitrage profit of $1.12 per barrel.O Enter a short position in the crude oil futures contract, short sell crude oil and invest excess funds to make an arbitrage profit of $1.12 per barrel.