WTI crude futures to have been in contango on average in March 2020 (i.e., M4 > M1)
- Cato estimated 48% on 2019-09-18
- Cato said “Verification: https://www.eia.gov/dnav/pet/pet_pri_fut_s1_d.htm” on 2019-09-18
- Cato estimated 43% on 2019-12-03
- Cato estimated 42% on 2020-02-29
- Cato judged this prediction right on 2020-04-09.
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