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You work in the risk section of Mobil Oil Corporation. Your team isspeculating that the crude oil price will go down significantly in November due

You work in the risk section of Mobil Oil Corporation. Your team isspeculating 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.

can you please give me an example with this scenario with hypothetical number and data?

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