Crude oil futures ease amid weak spot demandOn the Multi Commodity Exchange, crude oil for August delivery declined Rs 17, or 0.29 per cent, to Rs 5,898 per barrel in 9,692 lots. 
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Representative image showing a crude oil pipeline.
.Credit: Reuters File Photo
New Delhi: Crude oil futures on Monday fell Rs 17 to Rs 5,898 per barrel, as participants trimmed their positions, tracking weak demand in the spot market.
On the Multi Commodity Exchange, crude oil for August delivery declined Rs 17, or 0.29 per cent, to Rs 5,898 per barrel in 9,692 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 0.13 per cent higher at USD 68.54 per barrel, while Brent Crude rose 0.13 per cent to USD 70.45 per barrel in New York.