Crude oil futures snapped their rally mood and ended lower on Thursday ahead of the OPEC meeting and traders continued to weigh data showing a sharp rise in U.S. crude production and stockpiles. Some strength in dollar too weighed on the sentiments after the Federal Reserve suggested a rate hike is imminent. Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them. 

Meanwhile, OPEC and other major producers will meet Friday in Vienna to discuss the market impact of the production-cut agreement and progress toward re-balancing supply and demand. Benchmark crude oil futures for November delivery ended lower by 14 cents or 0.3 percent at $50.55 a barrel on the New York Mercantile Exchange. Brent crude for November delivery gained 12 cent to $56.41 a barrel on the ICE.

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