A trader intends to sell $5,445bbl$ of crude oil on the spot market on April $28$ and decides to set up a hedge against unfavorable price movements.

On February $28,$ the trader initiates the hedge by opening a position in $4$ crude oil futures contracts $1,000bbl$ each. On that day, the spot price is $\frac{54\mathrm{.}61}{b}bl$ and the price of crude oil futures is $\frac{53\mathrm{.}2}{b}bl.$

On April $28,$ the trader liquidates the hedge by closing the futures position and simultaneously selling crude oil on the spot market. On that day, the spot price is $\frac{56\mathrm{.}84}{b}bl$ and the price of crude oil futures is $\frac{53\mathrm{.}45}{b}bl.$

Determine the effective net price received by the trader for crude oil on April $28.$