Crude oil futures edged lower to Rs 6,049 per barrel on Friday, as traders pared positions amid subdued demand in the spot market.
On the Multi Commodity Exchange (MCX), August delivery contracts fell by Rs 3 or 0.05%, settling at Rs 6,049 per barrel, with 9,579 lots traded.
Analysts attributed the decline to profit-booking and reduced interest from participants in light of weakened spot market demand