Oil rallying, yet Contango increases?

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

  1. crgarcia

    crgarcia

    ???
     
    #1     Jun 30, 2008
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  2. nattytrader

    nattytrader

    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
     
    #2     Jul 3, 2008
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  3. The Kin

    The Kin

    Could these market actions be consistent with peak oil?
     
    #3     Jul 6, 2008
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  4. crgarcia

    crgarcia

    Theoretically yes.
    I'm not too eager to short crude, tough.
     
    #4     Jul 7, 2008
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