Oil prices rise after expectations of possible moves for exporters

Oil prices rose in early trading, to extend gains from the previous session as a result of expectations that exporters may be looking at a future meeting of the ways to strengthen the market is still dogged by increasing the supply of oil.
Prices of futures contracts for Brent crude rose 16 cents, or 35.0 percent, to $ 20.46 a barrel by 0047 GMT, up from its previous close and not far from the highest monthly level reached in the previous session of $ 30.46. Futures prices of contracts for WTI and US mediator rose 22 cents, or 51.0 percent, to $ 71.43 a barrel on the latest closing them, Markets were boosted with Khalid al-Falih, Saudi Minister of Energy currently in a statement late on Thursday evening, that the oil producers will discuss at a meeting to be held next month in Algeria, a move likely to stabilize oil prices.