Brent oil rallies, posts second largest 1-day gain

NEW YORK | Mon May 9, 2011 3:23pm EDT

NEW YORK May 9 (Reuters) - Brent crude oil futures rebounded from last week's massive loss to end on Monday with the second largest one-day gain in dollar terms as bargain hunters ignited the the day's hectic trading.

In London, ICE Brent for June delivery LCOM1 settled at $115.90 a barrel, gaining $6.77, or 6.2 percent, after trading from $109.05 to $116.52. (Reporting by Gene Ramos)

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