Oil prices fell with maintaining levels above $ 50 on Thursday on expectations of OPEC cut production and a decline in US stocks.
And closed WTI US mediator in the nearest maturity contracts for delivery in November was down 22 cents to $ 51.38, while Brent crude shed 11 cents to $ 52.56 a barrel.
It is noteworthy that oil prices have risen 15 percent in three weeks, following the proposal of the Organization of the Petroleum Exporting Countries (OPEC) the implementation of the first cut in production since 2008 from November.
Oil prices jumped more than 2 percent, on Wednesday, US crude scored the highest level in 15 months after the government announced a significant decline and unexpected in inventories for the sixth week in seven weeks.
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