You are an oil producer. You see a December light sweet crude futures settling at $59 a barrel. The contracts are for 1000 barrels each. You decide to hedge 10,000 barrels of your reserves with this futures contract.

Under each of the following scenarios, the table below shows the value of your futures position only (A), the value of your physical oil position only (B), and the total portfolio value (A + B) on the maturity day. Find A + B.

	Maturity Day Spot Oil Price, $$ per bbl
	50	59	70
Value of your position in the futures A
Value of your physical position in oil B	500,000	590,000	700,000
TOTAL A + B	= ?	= ?	= ?