I'm still confused in this "in contango" thing.
So are you saying there's still a difference between the future price of oil and the spot price of oil? Does this also mean that you can only make money once you know where the bottom is?
I just thought you buy oil where you see you can make a profit. For example, If I buy 2000 units @$5.00 per share for $10000 with the expectation that this investment will be worth $20000 (or $10.00 per share) in 6 months from now if the oil price rises from $20 USD per barrel to $40 USD per barrel.
The above information is just an example. Just want to know what you guys actually mean.
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