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backwardation Archive
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Oil: from Perpetual Backwardation into Contango - by frog
It’s finally happened. And only a few hours after my post about tomorrow’s Treasury BEFU announcement. For the first time in history, al oil futures are higher priced than the present price. Backwardation is when prices in the future are lower than in the present. Contango is the reverse, where future prices are higher than [...] read moreMay 21, 2008 7:01 pm - 7 Comments
