New York's main futures contract, light sweet crude for May delivery, eased 14 cents to 53.66 dollars a barrel in the afternoon.
Brent North Sea crude for delivery in May shed 27 cents to 53.20.
Despite the price dip in morning trade Tuesday, analysts said the 500 billion-dollar plan to purge banks of toxic assets would reverse flagging oil demand in the world's largest energy consumer.
Author: Ksenia Kochneva
