Use the proceeds to purchase and refine ans crude

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Use the information for the question below. Alaska North Slope Crude Oil? (ANS) ?$71.75/Bbl West Texas Intermediate Crude Oil? (WTI) ?$73.06/Bbl As an oil? refiner, you are able to produce $77 worth of unleaded gasoline from one barrel of Alaska North Slope? (ANS) crude oil. Because of its lower sulfur? content, you can produce $78 worth of unleaded gasoline from one barrel of West Texas Intermediate? (WTI) crude. Assuming you currently have 10,050 Bbls of WTI? crude, the added benefit? (cost) to you if you were to sell the 10,050 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest? to:

Reference no: EM131300027

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