All signs suggest that an April 17th meeting of OPEC and non-OPEC oil producers in Doha will produce an initial agreement to freeze output. That was the word Tuesday from Kuwaiti OPEC Governor Nawal Al-Fuzaia.

The governor also said she expects the oil market to achieve a balance between supply and demand in the second half of this year.

Fuzaia spoke as the New York Mercantile Exchange crude index traded more than 2 percent higher to around 37 dollars a barrel while Brent crude was hitting 38 dollars. The governor said she expects Brent to average between 45 and 60 dollars a barrel in the second half of this year and through 2017.