CL Redux

Just looked at the current cl contract and then January of '14, do they normally stay somewhat close in price? I expected there to be a larger difference than $1 or so. Or would that really be tied to the economic outlook?

Just some late night curiosity!
 
Quote from FCXoptions:

Just looked at the current cl contract and then January of '14, do they normally stay somewhat close in price? I expected there to be a larger difference than $1 or so. Or would that really be tied to the economic outlook?

Just some late night curiosity!
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Sometimes they diverge. Here is a MP chart of the spread from last year, from Just Joe charts
 

Attachments

01/04/2013 11:00 *DJ DOE: US Crude Oil Stocks -11.12M Bbl In Wk; Seen -1.3M Bbl

01/04/2013 11:00 *DJ DOE: US Crude Oil Stocks -11.12 Mln Bbl At 359.939 Mln Bbl

so much for he ET upgrade 5mins behind
 
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