What is the minimum price fluctuation for crude oil futures contract? (what is the smallest step the contract value can change at one time) A. 10 cents B. $1.00 C. $10.00 D. 5100 If you buy a futures contract, which of the following is true? Assume that you do not close out your position. A. You are obligated to buy the commodity at the pre-determined price. B. You are obligated to sell the commodity at the pre-determined price. C. You have an option to buy the commodity at the pre-determined price. D. You have an option to sell the commodity at the pre-determined price