Oil traders hoping on OPEC+ meeting scheduled to hold in some days time could see the organisation extend current cuts by 3-6 months.
London's based oil contract Brent crude futures gained 1.72% to settle at $44.79 a barrel.
At about 6.11 am West African time, Gold futures lost about 0.39% to trade at $1866/ounce.
Oil prices slid downwards at the mid-week trading session due to fears for soft fuel demand.
Brent oil futures broke above $44/ barrel and West Texas Intermediate futures gained 0.60% to trade at $41.59/barrel
Brent crude futures were up 1.1% and priced at $43.21 a barrel and West Texas Intermediate crude was priced at $40.66 a barrel, up by1.32%.
Japaul Gold & Ventures Plc, formerly Japaul Oil and Maritime Services to partner with H&H Mines Limited to mine gold.
