Crude oil futures slip Rs 23 to Rs 3,783 per barrel

New Delhi, Jan 30 () Crude oil futures on Thursday fell by Rs 23 to Rs 3,783 per barrel after participants reduced positions tracking a weak trend in overseas markets.

On the Multi Commodity Exchange, crude oil for February delivery dropped by Rs 23, or 0.60 per cent, to Rs 3,783 per barrel with a business volume of 19,583 lots.

Crude oil for March delivery was quoting lower by Rs 22, or 0.58 per cent, at Rs 3,803 per barrel with an open interest of 512 lots.

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand.

Globally, West Texas Intermediate crude oil traded 1.01 per cent lower at USD 52.79 per barrel.

Brent Crude, the international benchmark, dropped 1.02 per cent to trade at USD 59.20 per barrel in New York. VHP RUJ RUJ