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By The Associated Press(equals)

The Dow Jones industrial average added 52.45 points, or 0.4 percent, to close at 13,264.49. It hasn't closed that high since the last day of 2007. The Nasdaq composite average gained 28.13, or 0.9 percent, to 3,119.70. The S&P 500 closed up 10.57 points, or 0.8 percent, at 1,419.04. That was its highest close since May 19, 2008.

Benchmark U.S. crude increased Monday by $2.21 to $105.23 per barrel in New York. It was the biggest gain since Feb. 21. Brent crude rose by $2.55 cents to $125.43 per barrel in London.

Natural gas futures gained 2.6 cents to $2.15 per 1,000 cubic feet.

In other energy trading, heating oil added 8 cents to $3.25 per gallon and gasoline futures increased by 7.41 cents to $3.3822 per gallon.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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