Do forward prices feature backwardation or Contango The price for a...
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Finance
Do forward prices feature backwardation or Contango 
The price for a barrel of oil is currently $100. The annual, continuously- compounded interest rate is 3%. Storage costs for keeping the oil in Cushing storage tanks are 2% per year. At the same time, each barrel earns convenience fees that add up to 4% per year
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