Chart of the Week: Oil Futures and the Markets

Monday, January 23, 2006 | 12:40 PM

As the charts below show, has oil not only traded higher but futures contract looking several years ahead are also appreciably higher. In the recent past, nearby future contract were higher but distant futures contract contemplated lower oil prices. That has begun to change over the past quarter.

Oil Futures and the Markets

Source: WSJ, NYT


High oil prices are no longer being looked at as a “temporary event of uncertain duration.” Between China's growing use of petroleum, their global attempts to assure a study supply, the Iran situation, high Oil may be a persistent part of the market’s future (Notice no one is even talking about post hurricane recovery anymore).


Random Items

Bull, bear look into the future

As Economy Thrived Under Greenspan, So Did Debt  

There's Little Margin for Error


Semi-Rational Exuberance

Big Content would like to outlaw things not yet invented 

Hitler on Line One

Why America Has to Be Fat


Quote of the Day

"I don't think the heavy stuff is going to come down for a while yet."
-Carl Spackler

Monday, January 23, 2006 | 12:40 PM | Permalink | Comments (9) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Chart of the Week: Oil Futures and the Markets:


How long does "temporarily" high oil price have to last to make the CPI ex oil and food become CPI ex food?

Posted by: pjfny | Jan 23, 2006 12:53:06 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™