Where to Find Contango Charts for Oil and Other Commodities

Our friends over at Hard Assets Investor have just released a new segment called The Contango Report, which charts contango curves and breaks down roll over costs for the energy, metal, grain, and soft complexes.  


Here's a sample for WTI Crude Oil:

Click to enlarge.

CONTANGO WATCH: The WTI Crude Oil forward curve shifted significantly: The front-end features much smaller contango, and the back half is now in backwardation.


ROLL COSTS: In turn, the annualized cost to roll the front-month WTIs fell to 13 percent, or, in other words, close to 1 percent on a monthly basis. These costs are more in line with what we've seen over the last 52 weeks (right-hand-side chart).

BOTTOM LINE: Humpbacked Contango


You can read the full Contango Report at Hard Assets Investor.

Oil ETFs for 2011: One Good Play, and Two You Should Avoid

The protests and social unrest in Egypt have provided an additional tailwind to crude prices over the past week (and we should note that crude had already rallied to two-year highs before the demonstrations began).

Even before the hysterics began in Egypt, the trend in oil was UP. (Source: StockCharts.com)

Walk (and Protest) Like an Egyptian

Since the January 25th “Day of Anger” unrest kickoff, there’s been a lot of activity - mostly bullish - in the oil markets.  First, let’s take a look at how WTI and Brent crude prices have responded.

Crude yawned for a few days...but eventually got into gear.  WTI crude for March delivery is up over 5% in the past week.

Source: BarChart.com

It was a smoother ride up for Brent - though it didn’t run as far as WTI, with Brent for March delivery up over 4% in the past week.

Source: BarChart.com

Brent crude is now trading above $100/barrel - a historically high spread with respect to WTI crude.  (And as an aside, HAI's Julian Murdoch talked about how to play the high Brent-WTI sprad recently.)

And how have our favorite oil ETFs performed since the Egyptian protests began?

Please read the rest of my Oil ETF analysis - including your best plays for the short and long run respectively - at Hard Assets Investor.