futures Archive

  • frog

    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 more
    May 21, 2008 7:01 pm - 7 Comments
  • frog

    Oil touches US$ 117 a barrel - by frog



    Will we touch US$120 before the end of the month? Perhaps. But only because US inventories are low going into the summer driving season and because OPEC is sitting on its hands and the Nigerians and Iraqis are having a field day blowing up pipelines. Trevor29 rightly points out that we are way above the [...] read more
    April 19, 2008 6:58 pm - 21 Comments