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A junior trader at a UK-based commodity trading company is considering implementing a trading strategy using futures. The trader notes that the Brent crude oil futures for delivery next month are currently trading below the spot price. Assuming no transaction or delivery costs, which of the following strategies would be expected to generate a profit for the trader?
A
Short the futures, buy the Brent crude at spot, and deliver against the futures at settlement.
B
Short the futures and deliver against the futures at settlement.
C
Buy the futures, short Brent crude at spot, and take delivery against the futures at settlement.
D
Buy the futures and take delivery against the futures at settlement.