Pakistan, Oct. 5 -- Oil prices slipped on Monday as rising Middle East crude exports eased supply concerns. The G7 stock release also added pressure on prices. Brent crude futures fell 66 cents, or 0.65%, to $101.59 a barrel at 0740 PKT. US West Texas Intermediate crude fell 95 cents, or 1.03%, to $90.12.

Brent had surrendered most of its gains from the previous week. WTI also ended last week 1.6% lower. G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves. They also pledged to avoid energy export restrictions after pressure from US President Donald Trump.

The planned release will add to Middle Eastern crude supplies. Shipping data showed that regional exports exceeded pre-war levels o...