← Back to context Comment by A4ET8a8uTh0 5 years ago Does it happen often that future contract falls into negative territory? 3 comments A4ET8a8uTh0 Reply asib 5 years ago No, this is the first time since oil futures began trading in 1983. bhl 5 years ago The technical term for this is contango [1]. Last time this happened to crude oil was after the GFC, as mentioned in the article.[1] https://en.wikipedia.org/wiki/Contango#Description juped 5 years ago Contango means that futures prices further out are higher than futures prices in the nearer term, and is normal for oil futures; what's notable is the extreme slope of the futures curve we're seeing.
bhl 5 years ago The technical term for this is contango [1]. Last time this happened to crude oil was after the GFC, as mentioned in the article.[1] https://en.wikipedia.org/wiki/Contango#Description juped 5 years ago Contango means that futures prices further out are higher than futures prices in the nearer term, and is normal for oil futures; what's notable is the extreme slope of the futures curve we're seeing.
juped 5 years ago Contango means that futures prices further out are higher than futures prices in the nearer term, and is normal for oil futures; what's notable is the extreme slope of the futures curve we're seeing.
No, this is the first time since oil futures began trading in 1983.
The technical term for this is contango [1]. Last time this happened to crude oil was after the GFC, as mentioned in the article.
[1] https://en.wikipedia.org/wiki/Contango#Description
Contango means that futures prices further out are higher than futures prices in the nearer term, and is normal for oil futures; what's notable is the extreme slope of the futures curve we're seeing.