Date post: | 30-Dec-2015 |
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Backwardation Futures Pricing: Heating Oil Futures Contract Prices vs. Spot Price
Blue line is spot price for heating oil as of mid-November, 2003
Red line graphs futures contract prices by maturity date.
(Data points indicate reported contract prices; dotted line connects reported contract prices where more than 3 months exist between consecutive contracts)
Source: Wall Street Journal