The rise of oil after the report says that Saudi Arabia may call for production cuts

Singapore 3 December (Reuters) - Oil futures two rose percent on Thursday after a report said Saudi Arabia will propose an agreement aims to balance the oil market, which indicates that it is ready to reach a compromise after the slump more than half of its level since June June 2014 .

Energy Intelligence said, quoting a senior OPEC delegate said Saudi Arabia, which so far resisted intervention in the market would propose OPEC cut production of one million barrels per day next year.

By 0626 GMT, US crude rose 60 cents to $ 40.54 a barrel, while futures for Brent crude rose 78 cents to $ 43.27 a barrel.

But traders be careful about the proposal and said it remained elusive in that all interested parties have differing views on who should reduce production.

He wrote the happiest Tannous chief trader at Lacina Wealth Solutions in a tweet on his Twitter account after news "Saudi Arabia proposes to cut one million barrels per day ... if ... joined Iran, Iraq and OPEC. In other words, not going to happen. Of cut will lose market share."

Market participants are now awaiting the result of the ministerial meeting of OPEC on Friday to further transactions indicators.

So far, oil prices are still under pressure due to the accumulation of US stocks and the rise of the dollar. D8%B7_%D8%A8%D8%B9%D8%AF_%D8%AA%D9%82%D8%B1%D9%8A% D8%B1_%D9%8A%D9%82%D9%88%D9%84_%D8%A5%D9%86_%D8%A7 %D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9_%D9%82% D8%AF_%D8%AA%D8%AF%D8%B9%D9%88_%D9%84%D8%AE%D9%81% D8%B6_%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-TR20151203nL8N13S0TEX2/