Oil prices rose for the first time in four sessions, supported by expectations that the OPEC+ alliance will continue the current output cuts for longer than previously estimated.
Brent crude futures for January delivery rose by $1.03, or 2.7%, to close at $38.97 per barrel.
Meanwhile, the West Texas Intermediate (WTI) futures for December delivery added $1.02, or 2.9%, to finish at $36.81 per barrel.