Share prices have risen in Europe following the developments in Libya.
At close on Monday, the FTSE 100 in London was up 1.08% and the CAC-40 in Paris by 1.14%. However, the DAX in Frankfurt was down by 0.11%.
Most markets slumped by 5% - 10% on Thursday and Friday on recession fears in the United States and Europe.
The Dow Jones Index in New York closed up 37 points. or 0.3%, at 10,855.
The Nasdaq Composite was up 4 points, or 0.2%, at 2344.
Earlier, the Nikkei in Japan was down 91 points to 8628.The Hang Seng index in Hong Kong gained 86 points to 19,486.
By late afternoon in London, Brent was down at $US1.51 per barrel to $US107.11, while US sweet, light crude was up $US0.74 at $US83.15.
European energy firms led the rebound in stocks. ENI of Italy, the most active foreign company in Libya before the conflict began, jumped 6.33%, while Total of France rose 2.25% and Shell climbed 2.41%.
The BBC reports that markets are hoping that an end to the conflict in Libya will see the country's oil exports restored.
Libya is the world's 12th-largest oil exporter. Before the start of the conflict, it produced 1.6 million barrels per day of crude oil, or about 2% of the world's output.
The price of gold rose 2.3% earlier on Monday, to another record high of $US1894.5 per troy ounce - before sliding sharply.
The Japanese yen held steady 0.5 yen above the record level of 76.1 yen to the dollar it set on Friday.
Meanwhile, the Swiss franc weakened against the euro. Swiss authorities intervened last week to curtail the strength of their currency.
Currency movements are also being driven by speculation that US Federal Reserve chairman Ben Bernanke will hint at further monetary stimulus measures in a speech at Jackson Hole, Wyoming, on Friday.
