Posts Tagged ‘contango’

  • 16211_2.24_000000237322XSmall

    An Oil Surprise

    Feb 24, 11 • 104 Views • Demand, Supply, and Markets, Developing Economies, Environment, Government, Households, International Trade and FinanceNo Comments

    As the turmoil in the Middle East unfolds, if you want to sound knowledgeable about oil, you could just say $147, contango and floating storage. As you can see on this graph, it was mid-July, 2008, when the price of oil peaked at slightly more than $147 a...