I’ve been working on a little project, for like a week. Check out the results below,
Users of the site can plot the futures curves, and monitor the contango (or if we ever see it again…backwardation) of oil. It gets data from a couple places online, and is storing it in a database…so the options I’ll be able to offer users going forward, should be pretty cool. Check it out at CurvingFutures.com or for the twitter updates, CurvingFutures.
I think this will help people understand why the contango is killing value in ETFs like USO.
But the curve is coming down, I think once it gets a little more flat, then we will actually start to see the front month rise.