Oil prices are being pressured by ongoing worries about demand as the US-China trade war.
On the Multi Commodity Exchange, crude for delivery in July contracts was trading lower by Rs 58 at Rs 3,889.
During April-May, the eight sectors grew by 5.7 per cent compared to 4.4 per cent in the same period last year.
OPEC+ members agreed to curb oil output by 1.2 million barrels per day from January 1.
On MCX, crude oil for delivery in July contracts was trading higher by Rs 64, to Rs 4,100 per barrel.
Oil prices have been squeezing higher on escalating tensions in the Middle East.
India bought about 184,000 barrels per day (bpd) oil from the United States over November 2018 to May 2019.
West Texas Intermediate crude was up 70 cents, or 1.2 per cent, at USD 58.13 a barrel.
On Multi Commodity Exchange, crude oil for delivery in July contracts was trading higher by Rs 33, to Rs 4,050 per barrel.
Analysts said, crude oil prices bounced back in tandem with a firm trend overseas.