The price of oil was little changed after the publication of the EIA report

On Thursday, oil prices show weakness after the fall seen in the previous session.

WTI futures rose 3 cents to $56,84 per barrel, remaining near 2-year high reached on Tuesday.

Yesterday, oil prices weakened amid data on stocks of raw materials in the United States, which showed a rise of 2.2 million barrels the previous week, according to the U.S. Department of energy.

Imports of crude oil in the United States amounted to about 7.4 million barrels per day last week, a decrease of 194 000 barrels per day compared to the previous week.

Traders expect OPEC will extend the agreement on production cuts with Russia in this month.

However, some analysts suggest that this may not happen. Thus, experts Citigroup expects that the results of the meeting of the cartel may disappoint market participants.

«Markets are in joyful anticipation of what the deal will be extended until the end of 2018, but I believe that we will be disappointed on November 30,» said Citigroup analyst ed Morse. «We assume that the end of the year the agreement will not be renewed,» he added.

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