I don't see it.
http://futures.tradingcharts.com/marketquotes/quickquote.php3?sel=Crude+Oil

According to these figures December 2014 is at $83.91 and December 2015 is at $84.51. Now you may think that because 2015 is higher than 2014 that this means Contango. No, it does not. For it to be Contango then both would have to be higher than current December prices which closed yesterday at $94.46.

The market is still strongly in backwardation.

Ron Patterson

Thank you.

Arkansaw of Samuel L Clemens