You believe crude oil price will be going to decrease and short 1 contract of oil today (a crude oil contract size is 1,000 barrels per contract) The current future price for delivery in March is $38 per barrel If crude oil price turns out to be $35 50 per barrel at the contract maturity date, what...

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You believe crude oil price will be going to decrease and short 1 contract of oil today

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You believe crude oil price will be going to decrease and short 1 contract of oil today (a crude oil contract size is 1,000 barrels per contract). The current future price for delivery in March is $38 per barrel. If crude oil price turns out to be $35.50 per barrel at the contract maturity date, whats your profits/losses?

A.
$5,000

B.
$3,000

C.
$2,000

D.
$4,000

Posted Date: Jul 10, 2024 04:20 AM

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	A.	$5,000
	B.	$3,000
	C.	$2,000
	D.	$4,000

You believe crude oil price will be going to decrease and short 1 contract of oil today

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