Crude Oil Futures Drop to Rs 5,893 Amid Profit-Taking, Weak Spot Demand

• Crude oil futures fell by Rs 14 to Rs 5,893 per barrel on Thursday.
• The decline occurred despite firm global trends, attributed to profit-taking by participants.
• On the Multi Commodity Exchange, March delivery futures slipped 0.24% in a turnover of 520 lots.
• Analysts noted the price fall was due to participants offloading holdings amid weak spot market demand.
• Globally, West Texas Intermediate crude rose 0.29% to USD 64.82, and Brent Crude increased 0.23% to USD 69.56.