New Delhi, Jan 5 (PTI) Crude oil prices on Wednesday fell Rs 39 to Rs 5,722 per barrel after participants cut their positions.
On the Multi Commodity Exchange, crude oil for the January delivery dropped by Rs 39, or 0.68 per cent, to Rs 5,722 per barrel with a business volume of 7,925 lots.
Analysts said the fall in crude oil futures was due to the trimming of positions by traders amid a weak spot demand.
Globally, West Texas Intermediate crude oil was trading 0.03 per cent lower at USD 76.97 per barrel.
Meanwhile, Brent crude, the international benchmark, was quoting 0.05 per cent higher to trade at USD 80.04 per barrel in New York. PTI RUJ HRS hrs
