Question: 1. You sold one WTI crude oil future contract at $71.08/barrel. What would be your profit (loss) at maturity if the oil spot price at

1. You sold one WTI crude oil future contract at $71.08/barrel. What would be your profit (loss) at maturity if the oil spot price at that time is $63.12/barrel? Assume the contract size is 1,000 barrels and there are no transactions costs.

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