Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. calculate the 3-month future on oil by the followi

Calculate the 3-month future on Oil by the following information: (i) Spot Oil is...

50.1K

Verified Solution

Question

Finance

Calculate the 3-month future on Oil by the following information:

(i) Spot Oil is trading at 90USD per barrel. (ii) USD interest rates are at 2%. (iii) Storage charges for Oil are 1USD per barrel per month.

(iv) Insurance against Oil disasters costs 0.20c per barrel. (v) A spike in demand is likely to push Oil prices up by 5USD per barrel.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A highway in a rural town has a dangerous curve. Improving the highway will cost $10...

Finance
Q

A firm borrows $5000 and the loan is to be repaid in 4 equal payments at...

Finance
Q

The Deligne Dam on the Cayley River is built so that the wall facing the water...

Basic Math
Q

Starch structure questions 1) Which feature of amylose leads to increased intensity of the blue colour of...

Biology
Q

Explain how the sympathetic nervous system acts to directly regulate stroke volume. Include a detailed description of...

Medical Sciences
Q

1 What does concurrent powers mean 2 What are reserved powers 3 What are expressed...

Biology
Q

Find the value of x If necessary round your answer to the nearest tenth The...

Geometry
Q

19 22 Guess the value of the limit if it exists by evaluating the function...

Calculus
Q

Paisley Incorporated OnJanuary 1, 2011, Paisley Incorporated...

Accounting
Q

Eastland Corp. had total variable costs of $176,610, total fixed costs of $118,400, and total...

Accounting
Q

I'm having trouble on how the adjusting entry would look like for $800 of supplies...

Accounting
Q

The ledger of Cullumber, Inc on March 31, 2022, includes the following selected accounts before...

Accounting