Oil prices jumped more than 6% on Monday night, one day after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War.
Brent crude futures rose $2.31, or 6.7%, to $36.67 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.79, or 5.8%, to $32.92 a barrel following declines of nearly 25 percent on Monday.