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Use the information for the question(s) below. < Alaska North Slope Crude Ou (ANS) $7175/ $7306/ Question 8 of 31 This question: 1 point(s)
Use the information for the question(s) below. < Alaska North Slope Crude Ou (ANS) $7175/ $7306/ Question 8 of 31 This question: 1 point(s) possible Submit test West Texas Intermediate Crude Oil (WTT) As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WT) crude. Another oil refiner is offering to trade you 10,150 Bbls of Alaska North Slope (ANS) crude oil for 10,000 Bbls of West Texas Intermediate (WT) crude oil. Assuming you currently have 10,000 Bble of WTI crude, what should you do? OA Sell 10,000 Bbis WTI crude on the market and use the proceeds to purchase and refine ANS crude OB. Trade the 10,000 Bbis WTI crude with the other refiner and then sell the 10,150 Bbis of ANS crude OC. Do nothing, refine the 10,000 Bbis of WTI crude OD. Trade the 10,000 Bbis WTI crude with the other refiner and refine the 10.150 Bible of ANS crude
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