Forward Price Calculation for Crude Oil

In the world of derivatives, forward contracts are essential instruments used to lock in prices for future transactions.Consider a forward contract to buy 100 barrels of crude oil, which is set to mature in 6 months. The current spot price of crude oil is $60 per barrel. The risk-free rate is 3% per annum, and it is assumed that there are no storage costs or convenience yields associated with the transaction.

The pricing formula for a forward contract is given by: F = S * e^(rT), where F is the forward price, S is the current spot price, r is the risk-free rate, and T is the time until maturity in years.

What is the price of the forward contract for this transaction?