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You went long 20 June 2016 crude oil futures contracts at a price of $42.18. Looking at Figure 14.1, if you closed your position at
You went long 20 June 2016 crude oil futures contracts at a price of $42.18. Looking at Figure 14.1, if you closed your position at the settle price on this day, what was your profit? Profit Crude Oil, Light Sweet (NYM)-1,000 bbls.; $ per bbl. Dec 44.52 45.12 43.64 43.87 -0.42 Jan '16 -0.35 45.62 46.09 47.19 Feb 46.29 47.16 47.87 44.88 45.80 46.58 302,907 109,090 45.12 46.05 46.84 48.42 50.54 -0.28 -0.25 March 150,438 June 48.66 49.45 48.14 50.25 -0.22 -0.11 112,896 150,413 Dec 50.65 51.45
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