WTI crude oil futures were up 5.13% and Brent crude futures were up more than 4.4%.

Singapore-based payments company Xfers announced the Singapore dollar-pegged Stabilitycoin XSGD on Monday, Cointelegraph reported. XSGD will be one of the first tokens denominated in Singaporean dollar, allowing Singaporean businesses and individuals to exchange encrypted means of their own currency. Fixed funds will be issued on the Zilliqa and Ethereum blockchains. StraitsX Director Aymeric Salley said the company's compliance with FATF rules is in line with the rules, but often conflicts with the Monetary Authority of Singapore's PSN01 guidelines.