U.S. Oil Futures recovered from an early drop to end higher on Tuesday. Phil Flynn is a senior analyst at The Price Futures Group. He said that oil prices experienced a significant turnaround after reports surfaced that the Biden Administration planned to purchase oil for the U.S. Strategic Petroleum Reserve once maintenance and repair works were complete. The oil prices were lower during the trading session on Tuesday, mainly due to data indicating that China’s crude exports fell in April. There was also concern about an economic downturn. The price of June West Texas Intermediate crude CLM23 increased by 55 cents or 0.8% to $73.71 per barrel.