European stock markets logged broad-based gains on Monday, as a rally in oil prices and some metals prices calmed investor nerves after the recent commodity rout.

The Stoxx Europe 600 index jumped 1.6% to 331.72, setting it on track for the highest closing level since early February.

Elsewhere, Germany’s DAX 30 index rose 2% to 9,576.33, while France’s CAC 40 index % gained 1.8% to 4,298.08.

The jump in oil prices help lift European energy companies. Shares of Tullow Oil PLC gained 5.4%, Seadrill Ltd. climbed 3.1%, and heavyweight Total SA added 1.6%.

Source: MarketWatch