Synonyms for contango
con·tan·go

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1. contangonoun

   Antonyms:
   backwardation

2. contangonoun

   The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.

   2005: most of these other commodities are generally in contango Futures Industry Magazine

   Antonyms:
   backwardation

3. contangonoun

   2003: Normally new buyers would go after the March silver contract, especially with such a small contango. Bill Murphy, Kitco Bullion Dealers

   Antonyms:
   backwardation

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1. David Fyfe:

   I suspect there is some potential for that contango to steepen. Particularly as companies are curbing their spendingthat looks to me like a very cheap back end of the curve.

2. Jim Ritterbusch:

   We've seen that front May-June spread in WTI swing back into contango today. And that's somewhat of a bearish...it implies a continued up trend in Cushing crude supply, there's not much volatility today, as we wait for API and EIA data.

3. Ursula Marchioni:

   With the fundamental outlook for oil not improving significantly, outflows are likely short-term investors taking money off the table after a nice recovery in oil prices since late March, oil ETPs are not ideal for longer-term bets due to roll costs eroding returns and the market has been in contango ever since the ETP flows began to pick up late last year.

4. Nabil Naccoul:

   Given the contango, those who hedged the calendar year have done better. Producers are doing more calendar hedging and right now as hedging the front doesn't make any sense because of the shape of the curve, if you're confident that current prices and the shape of the curve are here to stay, then it makes sense to hedge at these levels.

5. Tariq Zahir:

   The big surprise was in the product markets where there were builds in both gasoline and heating oil, while we are witnessing a momentum trade in spot crude helped by the weakness in the dollar, the forward curve remains in contango with the build in the product markets.