What is the difference in the value of one November heating oil contract between this day's opening and closing prices?

A) $59.40
B) $249.48
C) $2,494.80
D) $2,970.00
E) $5,940.00

Name: What is the difference in the value of one November heating oil contract between this day's opening and closing prices? A) $59.40 B) $249.48 C) $2,494.80 D) $2,970.00 E) $5,940.00
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Question

What is the difference in the value of one November heating oil contract between this day's opening and closing prices?

A) $59.40 
B) $249.48 
C) $2,494.80 
D) $2,970.00 
E) $5,940.00

Quizplus · Accepted Answer

Difference = 42,000 × ($3.7324 - $3.6730) = $2,494.80

What Is the Difference in the Value of One November