Brent crude futures dropped 14 cents, or 0.3% to $40.65 a barrel, after rising 2.5% on Wednesday.
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Consumption of fuel, a proxy for oil demand, totalled 14.39 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
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Brent crude was up 44 cents, or 1.1%, at $40.22 a barrel by 0752 GMT after dropping more than 5% on Tuesday to fall below $40 a barrel for the first time since June.
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Brent crude was down 16 cents, or 0.4%, at $39.62 a barrel by 0241 GMT after declining more than 5% on Tuesday.
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MPOA estimated that the industry has lost up to 30% of its potential yield due to a labour crunch, and pegged the country's crude palm oil output to be much lower than last year's 19.9 million tonnes.
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Brent crude fell 61 cents, or 1.5%, to $41.40 a barrel at 0918 GMT, and earlier slipped to $41.21, the lowest since July 1. U.S. West Texas Intermediate (WTI) crude dropped $1.36, or over 3%, to $38.41.
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Brent crude futures inched up 6 cents, or 0.1%, to $42.07 a barrel, after falling 1.5% on Monday.
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Brent crude was at $42.04 a barrel, down 62 cents or 1.4% by 0859 GMT, after earlier sliding to $41.51, the lowest since July 30.
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The protest march was also attended by some contract workers from BPCL, along with the party's leaders and workers.
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Brent crude was at $42.11 a barrel, down 55 cents or 1.3% by 0642 GMT, after earlier sliding to $41.51, the lowest since July 30.
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