Brent rose 2.5%, or 97 cents, to $39.29 a barrel, WTI climbed 2.5%, or 88 cents, to $36.32 a barrel.

The recent rebound in domestic oil and gas consumption may be difficult to sustain over the rest of the year, as recent data for the China's economy suggests an uneven and difficult road to recovery that could weigh on energy demand.

The euro last fetched $1.1178, up 0.4% on the day , after rallying to $1.1185, its highest since March 17.

Brent was unchanged at $37.84 per barrel, WTI for July delivery were at $35.53 a barrel

Spot gold gained 0.9% to $1,741.61 per ounce

Japan’s Nikkei added 0.7% to also reach a three-month peak.

The S&P/ASX 200, currently on a five-week winning run, closed 1.1% higher at 5,819.20 on Monday

Natural gas deliveries to U.S. LNG export facilities decline to the lowest level since October 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year.

The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments,

Turkey imported 2.06 billion cubic meters of LNG in March

Energy plays a strategic role in almost everyone’s thinking about the future of the U.S. economy.

U.S. electric utilities face increasing pressure to achieve financial targets. The current pandemic in the U.S. further compounds the problem that utilities have seen coming for several years.

The high cost and complication of carbon capture technology have created several obstacles for success over the years.

U.S. Rig Count is down 17 rigs from last week to 301, Canada Rig Count is down 1 rig from last week to 20