Hull Sec 3.6 Stack and Roll

Hello_World

New Member
In the above section, the author said the following.

"The oil price declined from $89 to $86. Receiving only $1.70 per barrel compensation for a price decline of $3.00 may appear unsatisfactory. However, we cannot expect total compensation for a price decline when futures prices are below spot prices. The best we can hope for is to lock in the futures price that would apply to a June 2015 contract if it were actively traded."​

For the highlighted sentence, what does the author want to say? Could anyone help clarify, please? Thank you!
 
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