US oil settles up 72 cents

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The U.S. crude oil is about 2 percent on Monday, bolstered by a rally in U.S. gasoline and Russia’s willingness to meet other major oil producers to discuss the market.

Higher stock prices on Wall Street and a softer dollar provided further support to oil and other dollar-denominated commodities.

U.S. crude closed up 72 cents, or 1.6 percent, at $46.26 a barrel. Brent rose $1.20, or 2.4 percent, to $49.95 a barrel.

Gasoline surged about 3 percent, helping drive up prices for both crude and other refined fuels.