Crude oil futures on Wednesday fell by Rs 12 to Rs 4,374 per barrel after participants reduced positions tracking a subdued demand at spot market.
On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 12, or 0.27 per cent, to Rs 4,374 per barrel with a business volume of 6,704 lots.
Crude oil for February delivery was quoting lower by Rs 10, or 0.23 per cent, at Rs 4,370 per barrel with an open interest of 239 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 traded 1.01 per cent lower at USD 61.06 per barrel.
Brent Crude, the international benchmark, dropped 1.01 per cent to trade at USD 66 per barrel in New York.
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