Oil rallying, yet Contango increases?

Discussion in 'Commodity Futures' started by crgarcia, Jun 30, 2008.

  1. ???
  2. valid Q, I've never seen crude move from a steep backwardation to contango in amatter of two weeks like it did last month... another amazing feat, keeps on chuggin though
  3. Could these market actions be consistent with peak oil?
  4. Theoretically yes.
    I'm not too eager to short crude, tough.