Contango

U.S. oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.
BP's trading unit performed better than expected in Q1 thanks to a contango. To maintain this success, the oil giant plans to sell $1.25 billion of stored oil this year.
Is the United States increasing its reliance on foreign crude oil? Well it seems last week did. Despite the glut of crude oil in the United States we decided to import the most oil we have all year leading to a stunning 10.9 million barrel increase in crude oil supply leading to the most oil in inventory since about 1930.

We are now into March madness.

For years there has been a debate in the long-only commodity investing world regarding the benefits of roll yield and the cost of contango. Turns out these benefits aren’t real.
The cost of borrowing gold held near a 4 1/2-year high in London as U.S. futures moved into backwardation this month, a signal that near-term supplies are tightening at a time when prices gained on more physical demand.
The cost of borrowing gold held near a 4 1/2-year high in London as U.S. futures moved into backwardation this month, a signal that near-term supplies are tightening at a time when prices gained on more physical demand.
The term ‘backwardation’ has suddenly popped up in the mainstream financial media and is being touted as the signal that the price of gold is on its way back up. What does backwardation even mean?
The price of gold eased back to $1,330 per ounce Tuesday morning in London, dropping 0.7% from yesterday's five-week highs as commodities slipped with major government bond prices.
Gasoline jumped to a four-month high as the March contract’s discount to April futures narrowed for the first time in four days.