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Shares of MBIA soared on word of the settlement, rising $4.46, or 45 percent, to $14.29.
Tobacco advertising of all kinds, meanwhile, has skyrocketed since the 1998 settlement, rising to $8.24 billion in 1999, according to figures released earlier this year by the Federal Trade Commission.
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But hopes of a settlement rose as negotiations went into the early hours Sunday morning.
In London, Brent crude oil for July settlement rose 42 cents, or 1.4percentto to $29.68 a barrel.
In London, Brent crude oil for July settlement rose 19 cents, to $29.26 a barrel.
In London, Brent crude oil for September settlement rose 97 cents, or 3.4percentto to $29.87 a barrel on the International Petroleum Exchange.
In London, Brent crude oil for November settlement rose $1.24, or 4.2percentto to $31.08 a barrel on the International Petroleum Exchange.
Brent crude oil for January settlement rose $1.17, to $19.90 a barrel, on the International Petroleum Exchange in London.
The price of Brent crude for June settlement rose in London almost 3percentto to $28.10 a barrel.
On Monday, Brent crude futures for May settlement rose as much as $2.29, or 2 percent, to $116.22 a barrel on the London-based ICE Futures Europe exchange.
Brent crude oil for August settlement rose 38 cents, or 1.1percentto to $36.30 a barrel here on the International Petroleum Exchange, the highest closing price since June 3.
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CEO of Professional Science Editing for Scientists @ prosciediting.com