Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
A market where futures prices are generally greater than spot prices is referred to as a “contango” market.
Reflecting near-term bearishness, the benchmark oil contracts slipped back into contango in Asia trade on Thursday, meaning spot prices were lower than those for delivery months later.
Source: https://financialpost.com/pmn/business-pmn/oil-rebounds-on-weaker-dollar-economy-concerns-cap-upside