Crude oil prices decreased by Rs 16, settling at Rs 8,168 per barrel in the futures market on Thursday, as investors engaged in profit-taking activities.
On the Multi Commodity Exchange, crude oil futures for November delivery decreased by Rs 16, or 0.20 percent, settling at Rs 8,168 per barrel, with a business turnover of 9,067 lots.
Analysts indicated that prices declined as participants liquidated their positions in response to profit-taking activities by investors.
