Crude oil prices edged lower by ₹14 to ₹5,893 per barrel in futures trade on Thursday, despite firm global trends, as profit-taking by participants capped gains.
On the Multi Commodity Exchange, crude oil futures for March delivery slipped by ₹14, or 0.24 per cent, to ₹5,893 per barrel in a business turnover of 520 lots.
Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 0.29 per cent higher at $64.82 per barrel, while Brent Crude rose 0.23 per cent to $69.56 per barrel in New York.
