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Question 3 20 pts 70 69 68 67 66 65 64 63 62 Jun 18 Aug 18 Oct 18 Dec'18 Feb'19 Apr 19 Jun 19

Question 3 20 pts 70 69 68 67 66 65 64 63 62 Jun 18 Aug 18 Oct 18 Dec'18 Feb'19 Apr 19 Jun 19 The graph above shows the futures curve for oil futures. According to this graph, are the futures in contango or backwardation? Backwardation O Contango

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