European stock markets erased earlier losses and finished in the green on Monday as traders looked beyond the impact of a failed attempt by major oil producers to agree on an output freeze.

U.S. stocks closed higher Monday at their best levels in several months as Wall Street shrugged off a drop in crude futures, after a closely watched meeting of major producers in Doha, Qatar, on Sunday failed to result in a hoped-for freeze of oil output.

Shares in Asia markets rose Tuesday, with Japan leading gains as the yen eased off recent strength. Stock markets rose in most other Asia markets. Investors were less worried about volatility in the price of crude oil, which rebounded after a brief slip overnight.

Based on MarketWatch materials