Crude futures rallied nearly 4% on Monday, rebounding from their sharp decline last week, as the European Union's bold financial-stabilization plan reassured investors and encouraged them to buy assets perceived as risky such as commodities and stocks.
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Exxon Mobil Corporation (NYSE:XOM) jumped 2.70% to $65.41 on high volume.
Chevron Corporation (NYSE:CVX) climbed 4.11% to $80.27. So far this year, the stock is up over 3.30%.
ConocoPhillips (NYSE:COP) climbed 3.95% to $56.88 in the opening session.
Marathon Oil Corporation (NYSE:MRO) surged 3.81% to $31.60.
TOTAL S.A. (ADR) (NYSE:TOT) gained 8% to $51.58.
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