VIENNA, Austria (AP) — Oil prices slipped Tuesday after jumping by almost $3 a barrel in the previous session on concerns about falling gasoline supplies and expectations that U.S. interest rates will be cut again.

Gasoline prices also fell but remained ready to move upward Wednesday on a report of U.S. oil, gas, diesel and heating oil stocks.

Oil prices had climbed Monday as traders bet that future U.S. Federal Reserve rate cuts will weaken the greenback. A weak dollar attracts investors to hard commodities such as oil, which are seen as a hedge against inflation. Also, a falling dollar makes oil cheaper to overseas investors.

Theres also the venture hangover left over from yesterdays close; I think we will see some signs of a recovery in the afternoon but not enough to get us back to 4!