Oil quotations on Wednesday continued to decline until the North American trading session. However, after the announcement of US President Donald Trump's decision on a 90-day pause in the process of imposing tariffs on most countries, prices rose sharply following the general trend in global markets. So far, quotes have failed to consolidate under the $57 mark, which we wrote about earlier. The market is preparing to retest the achieved lows. The price range of $55-58 may become a local support zone.