Brent crude was trading down 21 cents, or 0.5%, at $41.51 a barrel by 0055 GMT, after gaining 28 cents on Tuesday, while U.S. crude slipped 23 cents, or 0.6, to $39.57.
U.S. gold futures rose 0.1% to $1,911.60 per ounce
Crude oil for delivery in October traded higher by Rs 53, or 1.84 per cent, at Rs 2,941 per barrel in 3,121 lots.