No Contango Convergence Between May & June WTI FuturesBecause of low oil storage capacity. The Contango is supposed to maintain a wide gap in this situation. Read Contango in Wikipedia and it explains it about oil. And the wide gap between May & June WTI Futures will not affect HOU because it already rolled into June last week and not rolling to July until May 6. I after hours trading May Futures are tanking to hell but June is remaining up. All the posters on Investing.com think they're so smart that the June Futures have to converge to meet the May futures. Not Happening! Not with low Oil storage. It's to do with the commercial buyers of oil having to delay purchases of oil to not over strain storage and Hope's demand will increase soon. So they have to pay a premium for WTI Oil futures months ahead because can't buy now. Maybe too much costs when storage near capacity etc. Its explained in Wikipedia. I wanted to start an Investing.com account to tell those boys over there.