Brent was near $98 a barrel after rising about 14% in September, while investors weighed stalled US-Iran peace talks and signs of a recovery in West Asia oil exports
Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%
The directive follows cuts in import duties on sunflower, soybean and palm oils as the government seeks to moderate domestic prices and ease inflationary pressures
Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%
Brent crude futures fell $1.01, or 1%, to $103.77 a barrel by 0020 GMT, while US West Texas Intermediate futures fell $1.03, or 1%, to $100.88 a barrel
Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel
Brent crude futures rose $1.24, or 1.18%, to $106.93 a barrel at 0026 GMT, after climbing 1% previously, while US West Texas Intermediate futures were up $1.29, or 1.24%, at $102.65 a barrel
Equirus Securities sees HPCL as the most vulnerable among major oil marketers, while BPCL is relatively better placed due to stronger integration and distillate yields
Brent crude futures rose 81 cents, or 0.8%, to $108.44 a barrel by 0345 GMT while US West Texas Intermediate crude rose 69 cents, or 0.7%, to $103.17 a barrel
Brent crosses the $100 mark as attacks on shipping near the Strait of Hormuz intensify, raising concerns over deeper disruptions to global oil supplies
Brent crude futures were up $2.01, or 2.05%, at $99.93 a barrel by 0802 GMT, after earlier touching $100.19, while US West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel