Brent Crude trade higher at $69.56/bbl

Crude oil prices edged lower by Rs 14 to Rs 5,893 per barrel in futures trade on Thursday, despite firm global trends, as profit-taking by participants capped gains.

Crude oil futures for March delivery slipped 0.24 per cent in a business turnover of 520 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 0.29 per cent higher at $64.82 per barrel, while Brent Crude rose 0.23 per cent to $69.56 per barrel in New York.