Plural of contango; multiple instances of contango market conditions or multiple contango positions in commodity futures trading.
Regular plural of contango (contango + -s). While 'contangoes' is theoretically correct, 'contangos' is the standard plural used in modern English financial terminology.
Traders dealing with contangos face real money problems—if oil is in contango, storing it costs more than buying it later, which is why during the 2020 crash, oil prices went negative for the first time ever.
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