Crude oil prices on Thursday fell ₹154 to ₹5,662 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for the October delivery dropped by ₹154, or 2.65%, to ₹5,662 per barrel with a business volume of 8,389 lots.
Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid a weak spot demand.
Globally, West Texas Intermediate crude oil was trading 2.23% lower at $75.70 per barrel.
Meanwhile, Brent crude, the international benchmark, fell 1.66% to trade at $79.73 per barrel in New York.
