Kahuna1 you make a most interesting observation about the fundamental change in the backwardation of oil futures contracts.
It shows a change in sentiment about the future, but I dont know how reliable it will be as predictor of future oil prices.
Sentiment about almost anything in the markets can change very fast. I remember a year or two ago my broker convincing me not to buy WPL at $12 as it was overpriced. However I am now considering buying at nearly twice that price - hopefully that too will seem cheap in a few years.
I don't wish to seem pedantic, but isnt contango the precise opposite of backwardation?
oil price target for 2005 of us$64.21- us$66.90, page-3
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$24.75 |
Change
0.350(1.43%) |
Mkt cap ! $46.99B | |||
| Open | High | Low | Value | Volume |
| $24.30 | $24.75 | $24.25 | $44.50M | 1.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $24.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.75 | 9574 | 2 |
View Market Depth
| Last trade - 16.19pm 21/07/2025 (20 minute delay) ? |
| WDS (ASX) Chart |