Popular - Today: CoQLwB-VYAAP5so.jpg

CoQLwB-VYAAP5so.jpg

Calendar spread on WTI CLZ16 - CLZ17.  

This explains XLE and the overall market holding up as crude slides: market doesn't believe the current dip will last.

Comments

Silver SingularitySilver Singularity
I see the contango going way bigger than that before year end. 
Only my opinion! 7/26/16
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