New Delhi: Crude oil futures on Monday fell ₹102 to ₹5,498 per barrel as participants trimmed their positions, tracking weak demand in the spot market.
On the Multi-Commodity Exchange, crude oil for September delivery declined ₹102 or 1.82 per cent to ₹5,498 per barrel in 6,275 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil for September contract was trading 0.11 per cent higher at USD 62.87 per barrel, while Brent Crude for October contract fell 0.03 per cent to USD 65.83 per barrel in New York. PTI
