All of the following factors directly determine whether storage arbitrage is possible except:
A. Spot price of the commodity
B. Futures price of the commodity
C. Storage and transportation costs
D. Projected GDP growth
If the spot price of WTI crude oil is $100/bbl, the futures price of WTI crude oil for delivery in two months is $110/bbl and the cost of carry of $5.00/bbl per month, is storage arbitrage a profitable strategy? Why or why not?