When crude oil is in contango, does that usually mean prices will go up or down?

Is contango when farther out crude futures are lower than the front month?

3 Responses to “When crude oil is in contango, does that usually mean prices will go up or down?”

  1. Joe Says:

    If it was in contango, the price would be higher in the farther out futures. If the contango is large, it suggests prices are going up.

  2. JohnGalt Says:

    Down

  3. half_breed71 Says:

    Go Down baby! Go down!