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AcadiFi
Financial Markets & ProductsMedium

Hartwell Trading holds a long position in 200 crude oil futures contracts (1,000 barrels each) at $72.50 per barrel. The initial margin is $6,500 per contract and the maintenance margin is $5,000 per contract. At the end of the trading day, crude oil settles at $71.20. What is the margin call amount, if any?