Crude oil futures fell by Rs 44 to Rs 5,709 per barrel on Thursday as traders reduced their positions in response to subdued demand in the spot market.
On the Multi Commodity Exchange (MCX), crude oil contracts for July delivery dropped Rs44 or 0.76% to Rs 5,709 per barrel, with a total of 12,961 lots traded.
According to analysts, the decline was primarily driven by participants unwinding their positions amid lackluster spot market demand.