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If the forward market is in "contango"—the forward price is higher than the current spot price—the strategy is very successful. [ 4 ] [ 5 ] While new tanks have been added in Cushing for a storage capacity of 6.6 million barrels, by March 2015 all the tanks were fully leased through 2015.
Contango is a situation in which the futures price (or forward price) of a commodity is higher than the expected spot price of the contract at maturity. [1] In a contango situation, arbitrageurs or speculators are "willing to pay more [now] for a commodity [to be received] at some point in the future than the actual expected price of the ...
In practice, the expected future spot price is unknown, and the term "backwardation" may refer to "positive basis", which occurs when the current spot price exceeds the price of the future. [3]: 22 The opposite market condition to normal backwardation is known as contango. Contango refers to "negative basis" where the future price is trading ...
Contango Oil & Gas Company (AMEX:MCF), an energy company based in United States, saw a significant share price rise of over 20% in the past couple of months on theRead More...
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