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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 43.64 43.87 44.52 45.12 -0.42 400,803 45.62 45.12 Jan'16 46.29 44.88 -0.35 302,907 46.05 46.09 47.16 45.80 Feb -0.28 109,090 47.19 46.58 46.84 March 47.87 -0.25 150,438 48.66 49.45 112,896 June 48.14 48.42 -0.22 50.54 Dec 50.65 51.45 50.25 -0.11 150,413
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