Source : needpix
The rise in prices was part of a $ 750 billion deal to boost their coronavirus fueled economies among EU leaders.
Brent crude rose about 2.7% from mid-June to $ 1.17 cents at 0904 GMT 44. West Texas Intermediate (WTI) gained 19 cents a month to reach $ 41.00, its daily high of 2.6%.
The agreement allows the European Commission to raise billions of euros in capital markets from all 27 states, a step towards European unification in nearly seven decades.
Oil prices have also been backed up by promising vaccine data released on Monday suggesting that a vaccine could be created even if it takes time for a global global rollout.
While a record number of infections are being reported from the United States to India, some countries, such as Spain and Australia, are battling the disease.