Reuters  Jul 22  Comment 
(Corrects gasoil stocks in penultimate paragraph to 4.19 million tonnes)
Commodity Online  Jul 19  Comment 
Barclays said in a weekly report that it expects crude prices to average $11/bbl over Q3. Global oil demand is expected to swing higher by 1.4 mn barrels per day quarter-on-quarter on a combination of seasonal patterns and cyclical recoveries.
Reuters  Jul 16  Comment 
* Floating storage more likely prospect for gasoil than crude
Commodity Online  Jul 16  Comment 
The contango situation seen in Brent Crude Oil futures could prevail for some more time and could impact other markets like WTI crude oil. The collapse of brent crude term structure from a healthy level of backwardation to super contango could be...
Commodity Online  Jul 12  Comment 
Barclays noted in its weekly report that prompt month crude prices were particularly weak as softness in the physical market pulled the August and September contracts into contango (far month contracts priced higher than near month contracts).
The Hindu Business Line  Jul 9  Comment 
If the Government had allowed futures in onion, then we could have been able to clearly see how backwardation and contango play out in a commodity market.Prices of a commodity are determined...
Mondo Visione  Jun 9  Comment 
Kynetix, the specialist technology solutions provider for physical delivery of commodities and fixed income and Contango, one of the world’s leading independent derivatives and commodities consultancies, today announced the launch of TRAMS, a...
DailyFinance  May 28  Comment 
Contango Oil & Gas Company (NYSE MKT: MCF) today announced that the Company will present at the 2014 RBC Capital Markets’ Global Energy and Power Conference at the Ritz-Carlton Battery Park Hotel located in New York, NY on...
SeekingAlpha  May 16  Comment 
Contango Oil & Gas Company (MCF) Q1 2014 Results Earnings Conference Call May 16, 2014 9:30 AM ET Executives Joe Grady - Chief Financial Officer Allan Keel - Chief Executive Officer Steve Mengle - Senior VP, Engineering Carl...


This article refers to a futures concept. For the oil & gas company, see Contango Oil & Gas Company (MCF).

Contango means the price of a commodity for delivery at a future date is significantly higher than the current or "spot" price, which makes it profitable for companies to store the commodity and enter into contracts to sell futures contracts on the commodity, even after accounting for storage costs and opportunity cost of capital (i.e. money tied down on the inventory not earning a return).

The situation persists untill the futures prices come down or current prices go up or the cost of storage becomes very high.

This situation is also referred to as an upward sloping forward curve.

The opposing market condition to contango is backwardation.

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