Oil prices have moved into 'super contango'-—commentary: "Contango refers to when the front-month or near-term futures contract are trading less than or at a discount to longer-dated futures contracts.
The difference between Brent crude-oil contracts, one year apart, recently hit a record $8 a barrel. The January 2016 WTI futures contract is trading at a hefty discount of $1.50 per barrel to the February contract. In tightly-supplied markets, when crude oil prices are strong, that spread value is the complete opposite."
'via Blog this'
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