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You bought 10 oil futures contract, mature in March 2018, at future price of $55, in March of 2017. Each contract is for 100 barrels
You bought 10 oil futures contract, mature in March 2018, at future price of $55, in March of 2017. Each contract is for 100 barrels of oil. The current price of oil is $65.45 a barrel. If you close out the position today, what is your profit?
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