Brent Crude trade higher at $67.61/bbl

Crude oil prices edged lower by Rs 20 to Rs 5,662 per barrel in futures trade, despite firm global trends, as profit-taking by participants capped gains.

Crude oil futures for March delivery slipped 0.35 per centin a turnover of 1,671 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 0.27 per cent higher at $62.50 per barrel, while Brent Crude rose 0.34 per cent to $67.61 per barrel in New York.