Crude-oil futures on Wednesday put an end to a three-session winning streak on Nymex that lifted prices by more than 9% as investors turned their focus back to rising U.S. inventories.

Prices continued to decline in the wake of minutes from the Federal Reserve’s January policy meeting that showed central bank officials weren’t in any rush to raise interest rates.

On the New York Mercantile Exchange, March crude settled at $52.14 a barrel, down $1.39, or 2.6%. Brent crude for April delivery fell $2, or 3.2%, to $60.53 a barrel on London’s ICE Futures exchange. A day earlier, prices closed at their highest in roughly two months and based on the most-active contract, have gained around 7% year to date. There might be some thoughts of no rate hike in June which could weaken the U.S. dollar, giving a boost to crude, said Tariq Zahir, managing member at Tyche Capital Advisors.

But U.S. government-supply data are due Thursday and “with another large build expected, we feel the crude market can trade lower,” he said. “We still have production that needs to come down to relieve the glut of crude oil we have in the market.” U.S. oil stockpiles last week hit a record of 417.9 million barrels, based on data from the EIA, which go back to the 1980s. The API Weekly Statistical Bulletin with stockpile data is due late Wednesday, and the U.S. EIA Weekly Petroleum Status Report on Thursday. Both measures are expected to show an oil inventory build, “if so, U.S. crude oil stocks will have achieved a new record level for the fourth consecutive week,” wrote analysts at Commerzbank. “Brent, on the other hand, is profiting from the renewed shift in focus toward supply risks. Libya for example is exporting virtually no more oil because all its oil terminals are now closed due to the unrest.” Analysts polled by Platts expect the supply reports to show an increase of 3.1 million barrels of crude.

It could take years to work through the oversupply in the oil market, according to oil giant BP PLC which published its annual energy outlook that takes a 20-year view of the market up to 2035. “The strength of [U.S. shale] oil and the relative weakness of demand have reduced the market requirement for OPEC crude in recent years,” it said. Pressure on OPEC is likely to persist in the next few years and OPEC’s response is a key uncertainty for markets, BP said.