U.S. Oil Prices Steady As June Contract Expires

U.S. oil prices continued rising early on Tuesday morning, the day on which the June contract expires, before falling slightly in what was a much smoother and uneventful trade compared to last month’s dramatic plunge into negative prices. The relatively smooth day to the expiry signals that the fundamentals with supply, demand, and storage availability have improved since last month. As of 11:42 a.m. CDT on Tuesday, prices fell back a bit with WTI Crude trading at $31.69, down by 0.41 percent on the day, while Brent Crude prices were down…