What are futures contracts? Give an example of how a futures
contract can be used as protection against commodity price changes.
Why did the price of the May WTI futures contract fall to about
-$40. Is there a surplus of oil? What does this have to do with the
state of the economy? Explain.
Note: Each WTI contract is for 1000 barrels of oil, and each
barrel contains 42 gallons.
Please write at least 10 sentences.