New Delhi, Dec 24 (PTI) Crude oil prices on Friday fell by Rs 7 to Rs 5,529 per barrel after participants cut their positions.
On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 7, or 0.13 per cent, to Rs 5,529 per barrel with a business volume of 7,409 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 1.42 per cent higher at USD 73.79 per barrel.
Meanwhile, Brent crude, the international benchmark, was quoting 1.01 per cent lower to trade at USD 76.07 per barrel in New York. PTI RUJ ANU ANU
