Synonyms for contango
con·tan·go

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1. contangonoun

   Antonyms:
   backwardation

2. contangonoun

   The situation in a futures market where prices for future delivery are higher than prices for immediate (or nearer) delivery.

   2005: most of these other commodities are generally in contango Futures Industry Magazine

   Antonyms:
   backwardation

3. contangonoun

   2003: Normally new buyers would go after the March silver contract, especially with such a small contango. Bill Murphy, Kitco Bullion Dealers

   Antonyms:
   backwardation

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How to use contango in a sentence?

1. Jim Ritterbusch:

   We've seen that front May-June spread in WTI swing back into contango today. And that's somewhat of a bearish...it implies a continued up trend in Cushing crude supply, there's not much volatility today, as we wait for API and EIA data.

2. David Fyfe:

   I suspect there is some potential for that contango to steepen. Particularly as companies are curbing their spendingthat looks to me like a very cheap back end of the curve.

3. Svein Moxnes Harfjeld:

   One would need a contango in the oil market to justify floating storage. Given the current developments in the oil market this cannot be ruled out, continued oil demand and longer transportation distances combined with no fleet growth should support our expectations for 2015 on average to be better than 2014.

4. Tariq Zahir:

   The big surprise was in the product markets where there were builds in both gasoline and heating oil, while we are witnessing a momentum trade in spot crude helped by the weakness in the dollar, the forward curve remains in contango with the build in the product markets.

5. Bjarne Schieldrop:

   Reports of unsold physical cargoes in the North Sea combined with a Brent crude oil contango that shows no signs of tightening are a warning that the market is currently not tightening up into the high demand season as one should expect.