Consider a speculator in a long oil futures contract that controls 1000 barrels of oil. If the speculator signs 11 long positions when the price of...
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Consider a speculator in a long oil futures contract that controls 1000 barrels of oil. If the speculator signs 11

long positions when the price of oil is 120.1, and the price of oil changes to 80.5, how much money has the speculator made or lost?

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