India, Dec. 3 -- Crude oil futures edged lower on Wednesday, slipping Re 1 to Rs 5,306 per barrel as traders pared their positions amid subdued demand in the spot market.
On the Multi Commodity Exchange, January crude oil contracts fell Re 1, or 0.02%, to Rs 5,306 per barrel in 2,464 lots.
Analysts said weak spot market demand prompted participants to offload holdings, putting mild pressure on prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....