Investing 101 · Mechanics
Contango and backwardation: why your oil ETF is down 90%.
How the futures curve shape affects commodity ETF returns. Contango drag, backwardation, roll yield, and why USO loses money long-term even when crude oil is fl
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commoditiestracker_site_2026-05-29/investing_101_contango_backwardation.html. The content is HTML-formatted prose — extract the .art-main section and render it here using dangerouslySetInnerHTML or convert to MDX.What this guide covers
How the futures curve shape affects commodity ETF returns. Contango drag, backwardation, roll yield, and why USO loses money long-term even when crude oil is fl
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