U.S. crude-oil futures gained more than 4% Monday, recovering from five-year lows hit last week after OPEC decided to maintain production levels.Light, sweet crude for January delivery CLF5, -0.74% rose $2.85, or 4.3%, to settle at $69 a barrel on the New York Mercantile Exchange. That was oil’s largest percentage gain since August 2012, snapping a four-session losing streak.
January Brent crude LCOF5, -0.62% on London’s ICE Futures exchange rose $2.39, or 3.4%, to finish at $72.54 a barrel. That was Brent’s highest percentage gain since October 2012, and the gains put a stop to a five-session decline.
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