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154 - Dance the Oil and Gas Contango
I was recently contacted by a friend in Germany seeking some insights into the current oil market. What happens when the supply of oil overshoots the demand for oil? Sometimes the spot price is below the future price for a commodity market, and is called a contango market. Oil markets today are strongly contango. What will the oil price be in the future?
Duration: 11m 33s
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By Geoffrey Cann
5
1818 ratings
I was recently contacted by a friend in Germany seeking some insights into the current oil market. What happens when the supply of oil overshoots the demand for oil? Sometimes the spot price is below the future price for a commodity market, and is called a contango market. Oil markets today are strongly contango. What will the oil price be in the future?
Duration: 11m 33s
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