UPDATE 8-Oil up 4 pct as Saudis mull meeting, tighter market forecast

jueves 11 de agosto de 2016 15:22 GYT

* OPEC members, non-members to discuss price stabilization in Sept

* Market should rebalance through second half 2016 -IEA

* Brent, WTI post biggest daily percentage gain in a month

* U.S. diesel cracks jump nearly 8 pct on Motiva refinery fire (Adds settlement prices, comment, milestones)

By Devika Krishna Kumar

NEW YORK, Aug 11 (Reuters) - Oil prices jumped the most in a month, rising more than 4 percent on Thursday, after comments from the Saudi oil minister about possible action to stabilize prices triggered a round of buying and the International Energy Agency forecast crude markets would tighten in the second half of 2016.

Saudi Energy Minister Khalid al-Falih said OPEC members and non-members would discuss the market situation, including any action that may be required to stabilize prices, during an informal meeting on Sept. 26-28 in Algeria.

The comments by the minister of the world's top oil exporter triggered fund buying and some short covering, giving a boost to prices, traders and brokers said.

Many traders remain skeptical of the outcome of the meeting, expecting a repeat of the Doha meeting in April when talks fell through after Saudi Arabia backed out, citing Iran's refusal to join in a so-called production freeze.   Continuación...