Crude oil futures edged lower on Thursday, slipping ₹2 to ₹5,820 per barrel on the Multi Commodity Exchange (MCX) as traders trimmed positions amid weak global demand.

Futures contracts for April delivery declined by 0.03%, with a trading volume of 5,770 lots. Analysts attributed the price dip to participants offloading their holdings, influenced by bearish global market trends and concerns over demand.

Market experts suggest that crude oil prices may remain under pressure in the near term, with investors closely monitoring global economic indicators and supply-demand dynamics.