New Delhi, Feb 7 (PTI) Crude oil prices fell Rs 85 to Rs 6,817 per barrel on Monday after participants reduced their positions.
On the Multi Commodity Exchange, crude oil for the February delivery dropped by Rs 85, or 1.23 per cent, to Rs 6,817 per barrel with a business volume of 12,794 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 1.17 per cent lower at USD 91.23 per barrel.
Meanwhile, international benchmark Brent crude was quoting 0.66 per cent lower to trade at USD 92.65 per barrel in New York. PTI RUJ BAL BAL
