Crude prices rebounded Monday as global equities markets stabilized.

Stock markets traded calmly Monday as Federal Reserve and European, Japanese central backs put additional liquidity into the market.

Light, sweet crude for September delivery added 15 cents to settle at 71.62 dollars a barrel on the New York Mercantile Exchange.

The energy markets declined last week on concerns that credit market troubles would hurt economic growth and curb demand for energy.

Over the weekend, several refineries reported planned and unplanned shutdowns to perform maintenance.

Nervousness about the possibility of a tropical storm or hurricane forming in the Atlantic also underpinned prices, analysts said.