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US WTI Calendar Spread ×

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WTI calendar spread = WTI 12-month - WTI spot

Normally, the long-term futures price is higher than spot price. When the spread between the two is bigger than 0, it's known as Contango or Forwardation. Forward futures contracts are more expensive because Investors rather pay more than paying for storage and transportation for spot delivery.

When spot market is undersupplied, however, some oil companies will purchase spot contracts to meet their delivery demand, pushing spot price higher than the long-term futures price. When the spread decreases to below 0, it's known as Backwardation.

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Latest Stats
  • NYMEX WTI Forward Price - Spot Price (L)
    0.00
  • NYMEX WTI Crude Oil Futures Price (R)
    2022-08-08
    90.53
Source
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