Saudi rallies oil price to $35.77 a barrel

Brent crude rose two per cent yesterday adding to strong gains last week as the Organisation of Petroleum Exporting Countries (OPEC) kingpin, Saudi Arabia said it would work with other producers to limit oil market volatility.

Brent futures LCOc1 were trading at 35.77 dollars a barrel at 1443 GMT, up 67 cents from their previous close.

U.S. crude futures CLc1 were up 42 cents at 33.20 dollars.