Brent LCOc1 futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. US crude CLc1 advanced 22 cents, or 0.3%, to $79.75 per barrel.
India has lifted the ban on export of wheat to Nepal. It had imposed a ban five months back. On Thursday, India had issued a permission to import 50,000 tons of wheat.
The government of India has reduced the customs duty on the import of raw materials of soybean and sunflower oil to zero due to the high price of edible oil.
The commodities put under the ban list include wheat, paddy (non-basmati), chana, mustard seeds and their derivatives, soya bean, crude palm oil and moong.
