You own six November crude oil futures contracts.What is the settlement value of those contracts at the end of this trading day?
A)$736,200
B)$736,260
C)$746,400
D)$746,500
E)$747,000

Name: You own six November crude oil futures contracts.What is the settlement value of those contracts at the end of this trading day? A)$736,200 B)$736,260 C)$746,400 D)$746,500 E)$747,000
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Question

You own six November crude oil futures contracts.What is the settlement value of those contracts at the end of this trading day? 
A)$736,200 
B)$736,260 
C)$746,400 
D)$746,500 
E)$747,000

Quizplus · Accepted Answer

Settlement value = 6 × 1,000 × $124.40 = $746,400

You Own Six November Crude Oil Futures Contracts