Calculate the cost of buying and holding 3,000 barrels of oil at the spot price for one

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Calculate the cost of buying and holding 3,000 barrels of oil at the spot price for one year, given the following assumptions:

Spot Price

$47/barrel

Cost of Borrowing

3.0%

Cost of Storing 3,000 Barrels

$3,500

Carry Return

Number of Barrels

3,000 barrels

Posted Date: May 18, 2024 10:03 AM

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Calculate the cost of buying and holding 3,000 barrels of oil at the spot price for one

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