You work in the risk section of Mobil Oil Corporation. Your team is speculating that the

crude oil price will go down significantly in November due to geopolitical uncertainty.

With the consent of the company management, Mobil risk department decided to hedge

its position for November. Today, the spot price of West Texas Intermediate (WTI) crude

is $60/bbl and NYMEX Oil Futures with November settlement price is $65/bbl. With

graphical representation and fictitious number, show how the settlement will take place

without asset delivery. [The assumption is that your speculation was right and both

futures and spot are moving in close tandem]