Ice at $0\mathrm{.}0$C$$C has a density of $917$ kg$/$m$3$kg$/$m$3.$ A $3\mathrm{.}00$ cm$3$cm$3$ ice cube is gently released inside a small container filled with oil and is observed to be neutrally buoyant.

Once the ice cube melts, what happens to the liquid water that it produces?

The liquid water sinks to the bottom of the container.The liquid water rises to the surface and floats on top of the oil.The liquid water is in static equilibrium at the location where the ice cube was originally placed.