In the futures market, crude oil for October delivery touched an intraday high of Rs 2,989 and an intraday low of Rs 2,932 per barrel on MCX. So far, in the current series, black gold has touched a low of Rs 2,718 and a high of Rs 3,320.

Crude oil delivery for October gained Rs 14, or 0.47 percent, to Rs 2,983 per barrel at 16:12 hours IST with a business turnover of 3,175 lots.

Crude oil delivery for November rose Rs 19, or 0.63 percent, to Rs 3,028 per barrel with a business volume of 63 lots.

The value of October and November contracts traded so far is Rs 722.02 crore and Rs 2.12 crore, respectively.Patel expects crude oil prices to trade sideways to down with support at $38 and resistance at $41. MCX Crude oil October has support at Rs 2,870 and resistance at Rs 3,020.

The value of October and November contracts traded so far is Rs 722.02 crore and Rs 2.12 crore, respectively.Patel expects crude oil prices to trade sideways to down with support at $38 and resistance at $41. MCX Crude oil October has support at Rs 2,870 and resistance at Rs 3,020.

West Texas Intermediate crude was up 0.65 percent at $40.51 per barrel, while Brent crude, the London-based international benchmark, gained 0.65 percent to $42.61 per barrel.