Contango

Next oil rally? Futures say market is tightening

Nick Cunningham
March 1, 2017
U.S. oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.

BP to put more oil on market as contango narrows

Ron Bousso, Reuters
April 29, 2015
BP's trading unit performed better than expected in Q1 thanks to a contango. To maintain this success, the oil giant plans to sell $1.25 billion of stored oil this year.

Contango crude markets

Phil Flynn
April 9, 2015
Is the United States increasing its reliance on foreign crude oil? Well it seems last week did. Despite the glut of crude oil in the United States we decided to import the most oil we have all year leading to a stunning 10.9 million barrel increase in crude oil supply leading to the most oil in inventory since about 1930.

Crude's March madness

Phil Flynn
March 20, 2015

We are now into March madness.

The truth about the GSCI roll yield

George D. Rahal
September 30, 2014
For years there has been a debate in the long-only commodity investing world regarding the benefits of roll yield and the cost of contango. Turns out these benefits aren’t real.

Gold borrowing costs remain near 4 1/2-year high on tight supply

Nicholas Larkin, Bloomberg
August 20, 2013
The cost of borrowing gold held near a 4 1/2-year high in London as U.S. futures moved into backwardation this month, a signal that near-term supplies are tightening at a time when prices gained on more physical demand.

Gold borrowing costs remain near 4 1/2-year high on tight supply

Nicholas Larkin, Bloomberg
August 20, 2013
The cost of borrowing gold held near a 4 1/2-year high in London as U.S. futures moved into backwardation this month, a signal that near-term supplies are tightening at a time when prices gained on more physical demand.

Backwardation, negative GOFO and the gold price

Jan Skoyles
July 24, 2013
The term ‘backwardation’ has suddenly popped up in the mainstream financial media and is being touted as the signal that the price of gold is on its way back up. What does backwardation even mean?

Gold now heavy after historically strong 1-month rally

Adrian Ash
July 23, 2013
The price of gold eased back to $1,330 per ounce Tuesday morning in London, dropping 0.7% from yesterday's five-week highs as commodities slipped with major government bond prices.

Gasoline futures jump to four-month high; contango narrows

Barbara Powell, Bloomberg
February 14, 2013
Gasoline jumped to a four-month high as the March contract’s discount to April futures narrowed for the first time in four days.