You Go Short Oil 10 Futures Contracts on NYMEX When

question 6

Multiple Choice

You go short oil 10 futures contracts on NYMEX when the futures price of oil is $79 a barrel and close out your position three days later at a futures price of $83 a barrel. One futures contract is for 1,000 barrels. Ignoring interest on the margin account, the futures trading has resulted in a

• A) Gain of $790,000.
• B) Loss of $4,000
• C) Gain of $4,000
• D) Loss of $40,000

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Definitions:

José Delgado

José Delgado was a Spanish neuroscientist known for his pioneering research on mind control through electrical stimulation of the brain.

Somatosensory Cortex

A brain region in the parietal lobe responsible for processing sensory information from across the body, such as touch, temperature, and pain.

Sensitive

Possessing or displaying quick and delicate appreciation of others' feelings or being easily affected by external conditions or stimuli.

Association Areas

Regions of the cerebral cortex not involved in primary motor or sensory functions but in complex processes like thinking, planning, and learning.