US awkward futures CLc1 were down 10 cents at $39.69 a butt at 0302 GMT, trading added beneath the important $40 level.
It bankrupt down $1.66, or 4 percent, at $39.79 a butt on Wednesday. That apparent the sharpest one-day bead for the front-month arrangement in U.S. awkward aback Feb. 11.
Brent awkward futures LCOc1 were up 7 cents at $40.54 a barrel, afterwards trading lower beforehand in the session. They accomplished the endure affair down $1.32, or 3.2 percent, at $40.47 a barrel.
Earlier this week, both benchmarks had risen by added than 50 percent from multi-year lows that hit in January.
The US government's Energy Information Administration (EIA) said awkward stockpiles climbed by 9.4 actor barrels endure anniversary - three times the 3.1 actor barrels body anticipation by analysts in a Reuters poll.
The connected acceleration in stockpiles is cutting abroad at the assets in prices that were abundantly apprenticed by affairs of above producers, including Saudi Arabia and Russia, to benumb production.
"OPEC assembly is still top and Iran is accepted to abide to access up," said Tony Nunan, oil accident administrator at Mitsubishi Corp in Tokyo
"I apprehend awkward to appear aback down afresh and analysis the $35 akin afresh if we abide to get builds," he said.
The bazaar was aswell accurate by a absolution assuming awkward stockpiles at the Cushing, Oklahoma, supply hub - an important abstracts point - fell for the aboriginal time in seven weeks.
Things could get worse for oil bulls, with trading houses action on oil markets getting over supplied for at atomic two added years and searching to extend or lock in new leases on accumulator tanks.
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