Brent Crude climb higher to $70.90/$

Crude oil prices fell Rs 72 to Rs 5,981 per barrel in futures trade, despite firm global trends, as profit-taking by participants capped gains.

Crude oil futures for March delivery slipped 1.19 per cent, in a turnover of 2,384 lots. Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude oil was trading 0.38 per cent higher at $65.45 per barrel, while Brent Crude rose 0.21 per cent to $70.90 per barrel in New York.