Tuesday, November 5, 2013

"Contango Report: WTI’s Contango Widens, Tin Slips Into Backwardation"

From the Contango Report:
WTI
WTI Crude CurveDEC 13FEB 14APR 14JUN 14AUG 14OCT 1490.0092.5095.0097.50$USD/BBL
Current Annualized Cost
4.53%
Annualized Cost 1 Week Previous
1.23%
Historical 11/01 5YR Annualized Roll
6.18%
Contract Months:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
WTI Crude Roll Cost11/01/1212/10/1201/17/1302/26/1304/04/1305/10/1306/18/1307/25/1308/30/1310/08/13-2.00%0.00%2.00%

CONTANGO WATCH: WTI's contango widened.

ROLL COSTS: It costs investors 4.53 percent annualized to roll front-month WTI contracts, up from 1.23 percent.

BOTTOM LINE: Contango to Backwardation

...MUCH MORE