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U.S. oil prices look to extend gains as investors watch June contract expiration

May 19, 2020


U.S. oil prices were slightly higher early, as a contract expiration, which roiled markets last month, comes back into focus, but this time amid a market that appears to be demonstrating signs of better supply-demand alignment.

The June Nymex contract for West Texas Intermediate oil, which is due to expire at the end of Tuesday’s trade, was up early Tuesday after the May contract marked a historic traverse into subzero territory on April 20.

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