New Delhi, February 16 Crude oil prices fell by nearly 1 per cent to Rs 5,675 per barrel in futures trading on Monday, tracking weak trends in global benchmarks.
On the Multi Commodity Exchange (MCX), crude oil for February delivery decreased by Rs 48, or 0.84 per cent, to Rs 5,675 per barrel in a trading volume of 8,416 lots.
Similarly, the March contract slipped by Rs 38, or 0.66 per cent, to Rs 5,694 per barrel in 8,702 lots on the MCX.
Traders said crude oil prices moved lower largely in line with weak overseas trends, as concerns over demand recovery and geopolitical uncertainties kept investors cautious.
In the international markets, West Texas Intermediate crude oil and Brent Crude each fell by 0.27 per cent to USD 62.71 and USD 67.57 per barrel, respectively, in New York.
