Crude oil futures on Monday fell by Rs 12 to Rs 4,190 per barrel after participants reduced positions despite the oil gaining overseas.
On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 12, or 0.29 per cent, to Rs 4,190 per barrel with a business volume of 27,124 lots.
Crude oil for February delivery was quoting lower by Rs 11, or 0.26 per cent, at Rs 4,199 per barrel with an open interest of 1,135 lots.
Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand.
Globally, West Texas Intermediate crude oil was trading 0.22 per cent higher at USD 59.17 per barrel.
Meanwhile, Brent Crude, the international benchmark, gained 0.11 per cent to trade at USD 65.05 per barrel in New York.
Disclaimer: No Business Standard Journalist was involved in creation of this content