Question: Please write specifically and clearly, thank you. DQuestion 1 1 pts On March 1 the spot price of oil is $60 and the July futures

Please write specifically and clearly, thank you.

Please write specifically and clearly, thank you. DQuestion 1 1 pts On

DQuestion 1 1 pts On March 1 the spot price of oil is $60 and the July futures price is $61. On June 1 the spot price of oil is $54 and the July futures price is $53.50. How does the basis change from March 1 to June 1? From $1 to $0.5. From $-1 to $0.5 From $60 to $54. From $61 to $53.5

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