WTI / Contango Situation : Smthg you NEED to be aware of...
Updated
Hope this idea will inspire some of you !
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Phil
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Note
IMPORTANT UPDATE : I might have said somthing that could be misleading and therefore I'd like to clarify to avoid any confusion ! Contango is not an excepetional market context, basically a contango just mean that the future delivery of an non-perishable good is higher than it's current market value. Therefore WTI is always in a contango... What is exceptional nowadays is the extreme impact the contango situation has on forward prices. It's a little detail, but I'd rather like to make it clear ! Contango is normal for oil, but not when it's amplitude is covering almost half of the market spot value !
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