New Delhi, February 27 Crude oil prices fell by Rs 72 to Rs 5,981 per barrel in futures trading on Friday, despite strong global trends, as participants took profits.
On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 72, or 1.19 per cent, to Rs 5,981 per barrel in a trading turnover of 2,384 lots.
Analysts said the prices fell after participants offloaded their holdings due to weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 0.38 per cent higher at USD 65.45 per barrel, while Brent Crude rose 0.21 per cent to USD 70.90 per barrel in New York.