Brent Crude trade higher at $64.25/$

Crude oil fell Rs 33 to Rs 5,416 per barrel in the futures trade on Monday, amid weak global trends as oversupply concerns weighed on prices. Crude oil futures for February delivery slipped by 0.61 per cent in a business turnover of 13,469 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 0.19 per cent higher at $59.58 per barrel, while Brent Crude rose 0.20 per cent to $64.25 per barrel in New York.