Oil prices jumped by $5 on Monday for the biggest daily rise in nearly a year after a OPEC+ jolted markets with plans to cut more production.
Brent crude was up $5.31, or 6.7%, at $85.20 a barrel by 1410 GMT after touching its highest for a month at $86.44.
West Texas Intermediate crude U.S. was up $5.10, or 6.7%, at $80.77 after hitting its highest since late January.
The Organization of the Petroleum Exporting Countries and allies including Russia shook markets with Sunday's announcement that it is cutting its production target by a further 1.16 million barrels per day (bpd).
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