Today,the price of an October oil futures contract closed at $49.50 per barrel.Yesterday,the contract closed at $50.25.When margin accounts are marked to market,

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When margin accounts are marked to market, long positions will have the difference between the current price and the previous price deducted from their account. Therefore, in this case, long positions will have $0.75 per barrel deducted from their account. Short positions, on the other hand, would have $0.75 per barrel added to their account. No changes are made until the October expiration unless the position is closed out or adjusted before then.

Today,the Price of an October Oil Futures Contract Closed at $49.50