Global oil markets jumped more than 5% on Monday, with Brent hitting a 2016 peak above $40 a barrel
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.8%, South Korea rose 0.2%, while Nikkei gained 1%
Nikkei added about 0.5%, while the MSCI's broadest index of Asia-pacific shares outside Japan was down
Saudi Oil Minister told oil executives that markets should not view the agreement by four major oil producers to freeze output at January levels as a prelude to production cuts
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% while Japan's Nikkei dropped 1.5%