Amid uncertainties related to the ongoing tensions in the Middle East, energy commodities started the week by increasing more than 5%.
Energy prices closed last week with double-digit declines after US President Donald Trump announced that the Strait of Hormuz was completely open, while Iran's contradictory statements have caused uncertainties.
Brent futures were traded for around $95 as of 0645GMT, up 5.5%, and West Texas Intermediate (WTI) soared by 6.1% to $88.9 per barrel.
Natural gas prices in Europe jumped as the Dutch TTF Gas index increased by 6.4% to €41.2 ($48.4) per megawatt hour.
Heating oil prices went up by 5.7% to $3.5 per gallon.
