New Delhi, Dec 22 (PTI) Crude oil prices on Wednesday fell by Rs 34 to Rs 5,387 per barrel after participants cut their positions.
On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 34, or 0.63 per cent, to Rs 5,387 per barrel with a business volume of 6,575 lots.
Analysts said the fall in crude oil futures was due to trimming of positions by traders amid a weak spot demand.
However, globally, West Texas Intermediate crude oil was trading 0.42 per cent higher at USD 71.42 per barrel.
Meanwhile, Brent crude, the international benchmark, was quoting 0.26 per cent higher to trade at USD 74.17 per barrel in New York. PTI SHW RUJ RUJ
