3 ms·
i'm not sure why the article doesn't mention it, but one of the reasons this makes sense for MS is the rising "contango" in oil futures (see http://en.wikipedia
by jwb119 18y ago
i'm not sure why the article doesn't mention it, but one of the reasons this makes sense for MS is the rising "contango" in oil futures (see http://en.wikipedia.org/wiki/Contango http://en.wikipedia.org/wiki/Contango and http://www.energytribune.com/articles.cfm?aid=1214 http://www.energytribune.com/articles.cfm?aid=1214)
essentially the market is betting that oil prices will rise in the coming months, which puts storage space at an obvious premium.