Question: The initial margin (performance bond) for the oil futures contract is $6,500 and the maintenance margin is $6,000. Each contract represents 1,000 barrels of

The initial margin (performance bond) for the oil futures contract is $6,500

The initial margin (performance bond) for the oil futures contract is $6,500 and the maintenance margin is $6,000. Each contract represents 1,000 barrels of oil. If you go long one contract at a quoted price of $75, what price would the oil contract need to move to trigger a "margin call"?

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