Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Arktic who wrote (90)	4/22/1999 8:59:00 PM
From: Razorbak	Read Replies (1) of 350

Backwardation Paul: This is a market condition referred to as "backwardation", which is similar to an "inverted yield curve" for oil futures contracts. "Contango" is the opposite, or more normal, situation. A backwardation curve is generally interpreted by fundamentalists and traders alike as evidence that commodity prices are expected to fall from current levels over the term of the futures strip. mypage.channeli.net 193.135.166.4 193.135.166.4 Hope this helps. Razor

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