Oil rises in price after a missile strike in Yemen on oil facilities in Saudi Arabia

Oil prices rose on Friday after data on missile attack Yemeni oil facilities in Saudi Arabia.

Traders with reference to Iranian TV Press TV and the Yemen TV reported that in Yemen have been released ballistic missiles, attacking oil facilities in the south-west of the country, which belong to the Saudi oil giant Aramco.

By 18.23 GMT, futures for Brent crude traded at $ 49.95 per barrel, or 0.56 per cent higher than the previous close. Futures for WTI rose by 1.01 percent to $ 47.81 per barrel.

Oil quotations came under pressure early in the session, as the Saudi energy minister weakened hopes that the world's largest oil producers agreed to limit production in September.

"We do not think that you need any significant intervention in the market, in addition, to allow the forces of supply and demand do the work for us", - told Reuters the Minister of Energy of Saudi Arabia Khalid al-Falih.

OPEC representatives gathered behind the scenes of the International Energy Forum with the participation of producers and consumers of oil, which will be held in the capital of Algeria 26-28 September.

Iran's oil minister said on Friday that the country will help stabilize the oil producers of the world market, if other members of OPEC recognize its right to restore its market share.