@cmegroup: What is #Contango and #Backwardation? When talking about the structure of the forward curve in the WTI futures market, there are two market terms traders should be familiar with. 1) Contango, when the forward price of a futures contract is higher than the spot price. 2) Backwardation, when the forward price of the futures contract is lower than the spot price. An 🛢️ #oil lesson with Bob Iaccino with Path Trading Partners.

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Monday 10 June 2024 16:03:57 GMT