contango

7 min read 2021-04-06 23:15:53

Maybe The Biggest Challenge Is Not To Get Carried Away

Like a child fixated on a shiny new toy, I was enthralled by trading in WTI futures on Monday. There are times when end-of-day closing prices just

2 min read 2021-04-02 21:52:16

Contango has advised that it is currently in discussions regarding a potential long-term offtake for coking coal produced at Contango’s Lubu Coking

6 min read 2021-03-24 04:27:45

Is it a building case of/for selling the news? Another substantial down day in the oil market brings the total slide to just more than 13% (since

6 min read 2021-03-19 06:51:01

Well, that will get everyone’s attention, at least for now. Should something happen to the crude oil rocketship, there goes inflation. A day after

6 min read 2021-01-28 05:37:46

The post-Pfizer vaccine rush pushed most of the contango out of the WTI futures curve. The aftermath of the Georgia Senate vote, and with it dreams

8 min read 2020-12-10 05:08:16

Sticking with our recent theme, a big part of what Inflation Hysteria #1 (2017-18) also had going for it was loosened restrictions for US oil

7 min read 2020-11-26 06:25:43

The oil market has caught a mild case of the raging disease. Not COVID, rather the purported cure for it. Vaccine-phoria has visited the energy

5 min read 2020-10-29 06:06:31

This isn’t about COVID. It’s been building since the end of August, a shift in mood, perception, and reality that began turning things several

6 min read 2020-10-22 03:41:50

They should be drooling over the prospects of a clearing path toward normality. The pain and disaster of 2020’s economic hole receding into a more

6 min read 2020-09-10 04:26:39

Confident consumers are risk takers. Not only do they spend freely, they freely borrow in order to spend. Jay Powell has done his absolute best (I

5 min read 2020-04-22 22:44:38

A crucial component of many commodity futures markets is a concept called roll yield. It relates to the shape of the curve and therefore how the

4 min read 2020-04-15 06:02:52

Concerns about the economy have overtaken concerns about the virus. That’s the conclusion reached by a series of polls conducted at

2 min read 2020-03-09 22:59:59

An honest-to-goodness oil crash. For a time this morning, the front month WTI futures contract had fallen into the $20s for the first time since

4 min read 2020-02-28 07:19:25

The WTI futures curve is supposed to be in backwardation, though the word “supposed” is a loaded term. Backwardation is more of an ideal

6 min read 2020-02-07 07:03:25

I wrote a few months ago that Germany’s factories have been the perfect example of the eurodollar squeeze. The disinflationary tendency that even