Crude Oil Futures Drop to Rs 5,662 Amid Profit-Taking, Weak Spot Demand

• Crude oil futures fell by Rs 20 to Rs 5,662 per barrel on Wednesday.
• The decline occurred despite firm global trends, attributed to profit-taking by participants.
• On the Multi Commodity Exchange, March delivery futures slipped 0.35% in a turnover of 1,671 lots.
• Analysts noted the fall was due to participants offloading holdings amid weak demand in the spot market.
• Globally, WTI crude rose 0.27% to USD 62.50, and Brent Crude increased 0.34% to USD 67.61 in New York.