Suppose oil futures prices are as given in the above table (price per barrel).Suppose you buy 100 crude oil futures contracts,each for 1000 barrels of crude oil,at the current futures price of $108 per barrel on day 0.What is your cumulative profit/loss in your margin account by the end of day 5?
A)-$200,000
B)$200,000
C)$100,000
D)-$100,000
E)$0

Question

Suppose oil futures prices are as given in the above table (price per barrel).Suppose you buy 100 crude oil futures contracts,each for 1000 barrels of crude oil,at the current futures price of $108 per barrel on day 0.What is your cumulative profit/loss in your margin account by the end of day 5?
A)-$200,000 
B)$200,000 
C)$100,000 
D)-$100,000 
E)$0

Quizplus · Accepted Answer

The Answer of  Suppose oil futures prices are as given in the above table (price per barrel).Suppose you buy 100 crude oil futures contracts,each for 1000 barrels of crude oil,at the current futures price of $108 per barrel on day 0.What is your cumulative profit/loss in your margin account by the end of day 5?
A)-$200,000 
B)$200,000 
C)$100,000 
D)-$100,000 
E)$0

Suppose Oil Futures Prices Are as Given in the Above