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Oil prices rises 2% in the early Asia hours

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Oil futures rose more than 2 percent in early Asian trade on Thursday, adding growth from the previous session after the largest providers worldwide have confirmed plans to meet and discuss freeze of production.

Oil producers, including OPEC members agreed to meet next month for a deal to keep production at current levels, even if Iran refuses to participate, OPEC sources said on Wednesday. This increases the probability of the first global deal to supply over the past 15 years.

"A smaller than expected gain in inventories in the U.S. also supported prices," ANZ said in a morning note.

The market is also rallied after less aggressive monetary perspective of the FED, as the US Federal Reserve left interest rates unchanged and said that they see two increases this year instead of the expected four.


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