Brent Crude trade lower at $67.90/bbl

Crude oil prices fell Rs 106 to Rs 5,770 per barrel in the futures trade on Thursday, amid weak global trends as oversupply concerns weighed on prices.

Crude oil futures for March delivery slipped by Rs 106, or 1.8 per cent, to Rs 5,770 per barrel in a business turnover of 236 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 2.27 per cent lower at $63.66 per barrel, while Brent Crude fell 2.25 per cent to $67.90 per barrel in New York.