Engagements crude oil futures prices fell on Wednesday at a time when investors are taking profits after the rise in oil prices of about five percent in the previous session , and to some extent on the back of an expected increase in demand next year.
And the impact on oil prices , a sudden increase in US crude oil stocks rise in the US dollar, which rose on Wednesday against a basket of currencies.
US crude oil slipped 45 cents to $ 46.35 a barrel as of 0:07 pm GMT , after rising 2.06 dollars or 4.6 percent at the close of the previous session.
And it landed futures contracts for Brent 51 cents to $ 47.96 a barrel after rising 2.22 dollars or 4.8 percent at the close of the previous session.
It was the biggest daily increases in the price of oil since the eighteenth of April , and came after Monday 's hearing in which oil prices fell to their lowest level in two months.
The Energy Information Administration and the US Department of Energy publishes official data on the size of the weekly inventory later on Wednesday.
This comes after data on oil inventories published American Petroleum Institute on Tuesday showed that US crude oil inventories rose 2.2 million barrels during the week until the eighth of July to 523.1 million barrels compared with expectations for a decline in local stocks of three million barrels.
And led this increase is expected to reduce oil price gains during trading after the settlement.
Although the Energy Information Administration , US Department of Energy on Tuesday lowered its forecast for growth of the US and global demand for oil this year has increased its estimate of demand growth through 2017.