The spot price of light, sweet crude oil is $95.95 per bbl., and the futures price of the NYMEX March light, sweet crude oil futures contract is $108.99 per bbl. This contract expires in 4 months. The continuously compounded 4-month risk-free rate is 2.48% per year. The storage cost is $1.67 per barrel for 4 months, payable in advance. What is the arbitrage profit per 1,000 bbl.? Ignore transactions costs.

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