BRENT (a 4-hour chart)
Oil prices resumed the decline after a rollback of in the area of $ 50 a barrel. The American Petroleum Institute (API) said on Tuesday that US crude stocks rose 4.5 million barrels last week.
Price is consolidating in anticipation of the official data on crude inventories by US Department of Energy above the level of $ 49 per barrel.
If the figures will be similar to API data, this might lead the market in the area of $ 48- $ 48.50