Brent futures were up $2.98, or 2.86 per cent, at $107.30 a barrel by 1206 GMT after hitting their highest since September 15 earlier in the session
Brent was down 87 cents, or 0.82%, at $105.73 a barrel at 0212 GMT, while West Texas Intermediate (WTI) was down $1.56, or 1.65%, at $93.05 a barrel
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 fell 0.9% to $102.13 a barrel after a 4% rise a day earlier as Tehran reviews Washington's response to proposals on the Strait of Hormuz
The Brent crude futures November contract gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT
The WTI October contract that is expiring on Tuesday also fell $2.69, or 2.7%, to $97.61 a barrel. The November contract stood at $93.49.
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%
The Strait of Hormuz isn't the only thing that will keep oil prices volatile
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 fell 1.2 per cent to $104.59 a barrel, while WTI dropped 1.1 per cent to $101.29 as concerns over Middle East supply eased
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
Brent crude futures climbed $3.43, or 3.3%, to $108.04 per barrel by 0924 GMT while WTI futures gained $3.49, or 3.5%, to $103.54 per 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
Brent crude futures were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT while US West Texas Intermediate crude was at $94.41 a barrel, up $2.93, or 3.2%.
Crude oil shipments from West Asia producers are at about 11 million barrels per day (bpd) now, from 18 million bpd before the Iran war began seven months ago
Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT while US West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%