New Delhi, February 17 Crude oil prices declined by nearly 1 per cent to Rs 5,734 per barrel in futures trading on Tuesday due to weak spot demand amid mixed trends in the overseas market.
On the Multi Commodity Exchange (MCX), crude oil for February delivery fell by Rs 57, or 0.98 per cent, to Rs 5,734 per barrel in a trading turnover of 6,851 lots. The March contract also eased by Rs 47, or 0.81 per cent, to Rs 5,752 per barrel in 10,277 lots.
Analysts said subdued demand from physical markets and mixed trends in global prices weighed on investor sentiment.
In the international markets, West Texas Intermediate crude oil for March delivery rose by 0.54 per cent to USD 63.24 per barrel, while Brent Crude fell by 0.82 per cent to USD 68.10 per barrel in New York.
