India, Oct. 5 -- Oil prices remained around the $100 mark on Monday despite a major supply boost planned by G7 countries. Brent crude futures were up 5 cents at $102.30 a barrel at 0900 GMT, while US West Texas Intermediate (WTI) was at $90.62 a barrel, down 49 cents, or 0.5%. Both benchmarks had fallen more than 1% earlier in the session.

The main reason Brent is staying above $100 is continued concern about supply disruptions in the Middle East. Markets remain worried that the ongoing US-Israeli war on Iran could disrupt crude supplies, shipping routes and energy infrastructure. These fears are limiting the impact of the new supply coming into the market.

The G7 has promised to release 100 million barrels of diesel and crude oil from ...