You Sold One Oil Future Contract at $70 Per Barrel

question 26

Multiple Choice

You sold one oil future contract at $70 per barrel. What would be your profit (loss) at maturity if the oil spot price at that time is $73.12 per barrel? Assume the contract size is 1,000 barrels and there are no transactions costs.

• A) $3.12 profit
• B) $31.20 profit
• C) $3.12 loss
• D) $31.20 loss
• E) None of the options are correct.

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