1) Go to futuresource.com and display a quote-page of all of the crude oil contracts to get a better "look" at what the differentials are between the months.
2) Go to cme.com and ask for the archive links to their crude oil webinars from April and August of this year. You may be able to earn one-trillion dollars as a result of their content and info.
1) Go to futuresource.com and display a quote-page of all of the crude oil contracts to get a better "look" at what the differentials are between the months.
2) Go to cme.com and ask for the archive links to their crude oil webinars from April and August of this year. You may be able to earn one-trillion dollars as a result of their content and info.
It seems that what you're describing is the futures curve, which is either a normal curve (longer maturity is larger than front month), or inverted, longer maturity is less than front month.
Contango vs. (Normal) Backwardation describes the shape of prices within a given contract's window of trading up until expiry, i.e. the contract must converge on the spot price as expiry nears.
These two are often confused it seems, even in professionally written prospectuses.
