Suppose that in October 2019, a company enters a long position in three contracts on August 2020 Brent Crude futures. It closes out its position in May 2020. The futures price per barrel is $43.14 when it enters into the contract, $44.74 when it closes out its position, and $42.67 at the end of December 2019. One contract is for the delivery of 1000 barrels. Assume that the company has a December 31 year-end. The total pro is
