Question

You went long 30 Jun-13 crude oil futures contracts at a price of $88.66. Looking at figure 14.1, if you closed your position
atinum (NYM)-50 troy $per troy os y 1445.00 1448.90 1406.40 1414.10 44.30 42,401 ct 1446.90 1446.90 141410 1418.00 43.80 4417
You went long 30 Jun-13 crude oil futures contracts at a price of $88.66. Looking at figure 14.1, if you closed your position at the settle price on this day, what was your profit? (Omit the "S" sign in your response.) Profit
atinum (NYM)-50 troy $per troy os y 1445.00 1448.90 1406.40 1414.10 44.30 42,401 ct 1446.90 1446.90 141410 1418.00 43.80 4417 300 27.508 -0.657 ay 2.680 27.740 uly 28120 28.170 27.080 27.519 0.660 59,3132 miNY Silver (CMx)-2900 tray co:$ per troy a July 27,938 27938 27.113 27519 0.660 Sept 27.713 27.713 27.188 27.571 -0.662 Dec 27.525 27525 27.525 27.632 -0.655 Crude Oil, Light Sweet (NYM)-1,000 bals, $per bibl 91.54 9172 89.28 9.90 195 311078 June 91.99 920089.59 90.20-195 98,694 Sept 92.80 92.80 90.63 91.25 183 179,421 July 90.96 91.24 89.31 90.09 1.39 121,625 Eurod Sept 9229 92.30 89.90 0.50-193 84,503 1 Mon June'13 92.00 92.42 뿐 90.44 $1.09-1.63 76.747 Aug Heating Oil No. 2 (NYM)-42,000 sal: $ per gal une 28615 2.8615 28033 2.8121 -0493 50,880 Sept 2 3655 2.8655 28076 2.8155-0500 78215 Dec Gasoline-NY RBOB (NYMO-42.000 gal: S per gal June 29457 2.9465 28660 2.8723-0647 52,192 2.8625 2.8654 2.7926 2.8015.0577 98,755 Natural Gas (NYM) 10,000 MMBb, Sper MMBta 2.615 2.737 030 58 389 June 2.685 2.796020 264,056 2.730 2.836 019 92 1RE Gamadfn 2.691 2.747 2.768 2.806 Sept L ug 2800 280630
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Answer #1

We see that the net profit from long position in 30 June 13 crude oil futures is given as equal to=1000*(91.09-88.66)*30

=72900

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