EIA report shows a 1.2 million build in crude stocks. Crude oil extends correction into the second day on Thursday. Iranian OPEC official blames for the rising prices. Crude oil remains on track to record losses for the second day in a row on Thursday as an unexpected increase in the crude oil stocks in the United States didn’t allow for a recovery attempt in the NA session. “An unexpected build in the U.S. commercial crude inventory has prompted profit-taking,” Abhishek Kumar, Senior Energy Analyst at Interfax Energy in London, told Reuters. As of writing, the barrel of West Texas Intermediate was trading at $73.10, losing $1, or 1.3%, on the day. Earlier today, U.S. President Donald Trump, once again, commented on oil prices via Twitter: “The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s,” Trump wrote. Responding to Trump’s recent activity on Twitter, Iranian OPEC Governor Hossein Kazempour Ardebili argued that Trump was the one to point the finger to for the increasing crude oil prices. “The responsibility of paying unnecessary prices for oil by all consumers of the whole world, especially in U.S. gas stations, is solely upon your (Trump’s) shoulders and the price of over $100 per barrel is yet to come,” Kazempour told Reuters. The next data of relevance will be the weekly Baker Hughes oil rig count that will be released on Friday. Technical outlook: Crude Oil WTI: Oil falls on EIA and finds support at $73.00 a barrel FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: Euro trading sub-1.1700 figure ahead of FOMC minutes FX Street 4 years EIA report shows a 1.2 million build in crude stocks. Crude oil extends correction into the second day on Thursday. Iranian OPEC official blames for the rising prices. Crude oil remains on track to record losses for the second day in a row on Thursday as an unexpected increase in the crude oil stocks in the United States didn't allow for a recovery attempt in the NA session. "An unexpected build in the U.S. commercial crude inventory has prompted profit-taking," Abhishek Kumar, Senior Energy Analyst at Interfax Energy in London, told Reuters. As of writing, the barrel of West Texas… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.