Elsewhere in the energy markets, gasoline for March delivery RBH5, +1.04% rose nearly 7 cents, or 4.5%, to end at $1.5446 a gallon on Nymex. Heating oil HOH5, -0.04% for the same month climbed more than 6 cents, or 3.3%, to $1.7575 a gallon on Nymex.
March natural gas NGH15, +1.04% bucked the trend, however, to lose a penny, or 0.4%, to settle at $2.68 per million British thermal units.
Crude-oil futures ended nearly 3% higher on Monday and briefly topped $50 a barrel, pushing back against earlier losses that stemmed from strikes at U.S. refineries and sluggish manufacturing data from China.
Light, sweet crude futures for March delivery CLH5, +0.61% added $1.33, or 2.8%, to settle at $49.57 a barrel on the New York Mercantile Exchange.
Brent crude for March delivery LCOH5, +0.68% rose $1.76, or 3.3%, to finish at $54.75 a barrel on London’s ICE Futures Exchange. That was Brent’s highest settlement since Jan. 2.
Tokyo (Nikkei Average NIK, -1.19% ) down 0.5%
Hong Kong (Hang Seng Index HSI, -0.36% ) down 0.3%
Shanghai (Shanghai Composite Index SHCOMP, +0.49% ) up 0.4% (at break)
Sydney (S&P/ASX 200 XJO, +1.51% ) up 1.2%
Seoul (Kospi SEU, -0.15% ) down 0.1%
Mumbai (Sensex 1, -0.05% ) up 0.3%
Taipei (Taiex Y9999, +0.61% ) up 0.7%
