Crude Oil Price Prediction for Tomorrow, 13 August 2026: MCX Crude Retreats 0.38 Percent to Rs 7,910 as First Close Below Rs 8,000 Since Tuesday’s Iran-Driven Surge
- August 12, 2026
- Posted by: Ankit Jaiswal
- Category: Predictions
MCX Crude Wed: Rs 7,910/bbl (-0.38%). First close below Rs 8,000 since Tue surge. H: Rs 8,049 | L: Rs 7,858. BPCL GRM improving. ONGC -0.17%. Gold +0.83%. Nifty -0.15%.
The crude oil price prediction for tomorrow for Thursday 13 August 2026 is shaped by Wednesday’s pivotal session on Dalal Street. Nifty 50 closed at 24,435.95 (-0.15%) after testing 24,265.95 intraday and recovering 170 points ; a textbook DII accumulation pattern. Bank Nifty surged to a closing-high of 57,885.85 (+0.77%), SBI posted its Day 4 recovery at +1.50% to Rs 1,082, and TCS crashed 3.93% to Rs 2,349.70 in a sharp IT sector reversal. Most critically for the crude oil price prediction for tomorrow, MCX Crude Oil pulled back below Rs 8,000 to Rs 7,910 (-0.38%) on Wednesday ; the first close below Rs 8,000 since Tuesday’s surge ; providing partial relief to crude-sensitive sectors.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the crude oil price prediction for tomorrow for Thursday using Groww-confirmed Wednesday data. All entry, target and stop-loss levels are observation-based and not guaranteed returns. MCX Gold surged 0.83% to Rs 1,53,859, Silver bounced 1.64% to Rs 2,40,650 and MCX Zinc gained 0.85% to Rs 396.70 ; confirming commodities had a broadly positive Wednesday while equities showed sector rotation.
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Wednesday Market Recap for the crude oil price prediction for tomorrow
| Indicator | Wed 12 Aug (Groww) | Change | Signal for crude oil price prediction for tomorrow |
|---|---|---|---|
| Nifty 50 | 24,435.95 | -0.15% | L: 24,265.95 tested; 170-pt recovery; DII floor confirmed |
| Bank Nifty | 57,885.85 | +0.77% | Closing-high pattern; SBI +1.50%; ICICI touched Rs 1,435 |
| MCX Crude | Rs 7,910/bbl | -0.38% | Fell below Rs 8,000; partial relief for auto, FMCG, cement |
| MCX Gold | Rs 1,53,859/10g | +0.83% | Safe-haven demand; near session high Rs 1,53,879 |
| MCX Silver | Rs 2,40,650/kg | +1.64% | Strong bounce; recovering from Tuesday reversal |
| MCX Zinc | Rs 396.70/kg | +0.85% | Supply deficit; second positive session |
| MCX Copper | Rs 1,384.75/kg | +0.41% | Industrial demand intact |
| MCX Nat Gas | Rs 266.80/MMBTU | +0.53% | Consolidating above Rs 265 |
| TCS | Rs 2,349.70 | -3.93% | IT sector reversal; L: Rs 2,300.10; bounce opportunity |
| SBI | Rs 1,082 | +1.50% | Day 4 booking exhausted; H: Rs 1,085.50 |
| Bharti Airtel | Rs 1,945 | +1.56% | Post-Q1 booking absorbed; ARPU Rs 261 intact |
| India VIX | Est. 13.20-13.80 | Rising | Below 14 panic threshold; orderly correction |
Key Factors for the crude oil price prediction for tomorrow
- MCX Crude Oil’s -0.38% fall to Rs 7,910 on Wednesday ; the first close below Rs 8,000 since Tuesday’s Iran-deal-stall surge to Rs 8,024 ; is the crude oil price prediction for tomorrow’s most important technical change. The intraday range of Rs 7,858-8,049 shows crude tested above Rs 8,000 at the open but sellers pushed it below Rs 8,000 intraday. For the crude oil price prediction for tomorrow, the question is whether crude’s Wednesday retreat is a single-session correction or the beginning of a sustained moderation.
- MCX Crude’s Wednesday high of Rs 8,049 tested and rejected above Rs 8,000, confirming Rs 8,000 is now a resistance level for the crude oil price prediction for tomorrow. The rejection at Rs 8,049 (barely above Rs 8,000) and subsequent fall to Rs 7,858 intraday shows sellers are active near Rs 8,000. Ankit Jaiswal identifies Rs 7,980-8,050 as the crude oil price prediction for tomorrow resistance zone and Rs 7,820-7,900 as support.
- BPCL’s gross refining margin (GRM) situation improves with crude at Rs 7,910 versus Rs 8,024 on Tuesday. Every Rs 200 crude reduction adds approximately USD 0.40-0.60/bbl to BPCL’s GRM spread. For the crude oil price prediction for tomorrow, Kunal Singla identifies BPCL as the primary equity beneficiary if crude sustains below Rs 7,900-8,000 on Thursday.
- Auto, FMCG and cement sectors receive partial input cost relief from crude at Rs 7,910 versus Rs 8,024 on Tuesday. For the crude oil price prediction for tomorrow context, UltraTech Cement’s -2.14% Tuesday decline creates a potential bounce trade if crude closes below Rs 7,900 on Thursday. BPCL at Rs 317.80 (Tuesday close) is the crude oil price prediction for tomorrow’s primary equity recovery trade.
Technical Levels for the crude oil price prediction for tomorrow
| Level | Zone | Significance |
|---|---|---|
| Primary Support | Rs 7,820-7,900 | Confirmed buyer zone from Wednesday’s session |
| Secondary Support | Rs 7,650-7,750 | Deeper correction floor if primary breaks |
| Immediate Resistance | Rs 7,980-8,050 | First recovery target for Thursday |
| Key Resistance | Rs 8,100-8,200 | Extended target if momentum builds |
Stocks to Watch for the crude oil price prediction for tomorrow
| Stock | CMP (Wed) | Entry Zone | Target | Stop Loss | Analyst | Rationale |
|---|---|---|---|---|---|---|
| BPCL | Rs 317.80 (Tue close) | Rs 315-320 | Rs 334 | Rs 308 | Ankit Jaiswal | BPCL GRM improves with crude at Rs 7,910. Crude below Rs 8,000 is the BPCL crude oil price prediction for tomorrow bull case ; enter at Rs 315-320 if crude sustains below Rs 7,950 Thursday morning. |
| ONGC | Rs 239.05 (-0.17% Wed) | Monitor only | Above Rs 241 = add; below Rs 236 = avoid | N/A | Kunal Singla | ONGC is the inverse crude oil price prediction for tomorrow: crude recovery = ONGC buy; crude moderation = ONGC neutral. Wednesday flat despite crude falling confirms market is cautious on ONGC at current crude levels. |
| Maruti Suzuki | Rs 13,990 (Tue close) | Rs 13,920-13,990 | Rs 14,250 | Rs 13,720 | Ankit Jaiswal | Maruti benefits from crude input cost relief. Crude at Rs 7,910 versus Rs 8,024 (Tuesday) reduces tyre and plastic costs. Crude oil price prediction for tomorrow moderation trade. |
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Strategy for the crude oil price prediction for tomorrow Session
- Rs 7,820-7,900 is the crude oil price prediction for tomorrow support zone. Ankit Jaiswal recommends buying crude dips to this zone with Rs 7,650 stop-loss on any Thursday morning weakness.
- Rs 7,980-8,050 is the crude oil price prediction for tomorrow first resistance (Rs 8,000 psychological + Wednesday’s open level). Book crude longs here; trail toward Rs 8,100-8,200 only if Rs 8,050 breaks decisively.
- Monitor Brent Crude below USD 92/bbl pre-market Thursday as the crude oil price prediction for tomorrow moderation confirmation. Below USD 90 = Iran deal probability rising; above USD 93 = Iran deal stalled = crude recovers toward Rs 8,000.
- Kunal Singla tracks BPCL above Rs 320 at Thursday open as the crude oil price prediction for tomorrow inverse equity signal: BPCL rising = market pricing in crude moderation = buy BPCL, avoid ONGC.
Risks to the crude oil price prediction for tomorrow
- Iran deal formally collapsing overnight, pushing crude back above Rs 8,000 in the crude oil price prediction for tomorrow and reversing Wednesday’s partial equity relief.
- OPEC+ emergency production cut announcement restoring crude above Rs 8,000 in the crude oil price prediction for tomorrow.
- Crude recovering above Rs 8,050 (Wednesday’s high) Thursday, confirming the crude oil price prediction for tomorrow support at Rs 7,910 was temporary.
Conclusion
The crude oil price prediction for tomorrow for Thursday 13 August 2026 is shaped by Wednesday’s dominant themes: Bank Nifty’s closing-high (+0.77%), TCS’s sharp reversal (-3.93%), SBI’s Day 4 recovery (+1.50%) and crude oil retreating below Rs 8,000 to Rs 7,910. Ankit Jaiswal of Univest identifies Rs 7,820-7,900 as the primary support and Rs 7,980-8,050 as the immediate resistance for the crude oil price prediction for tomorrow on Thursday. The partial crude relief ; crude below Rs 8,000 for the first time since Tuesday’s surge ; is the most important macro change for crude-sensitive sectors in the crude oil price prediction for tomorrow.
Kunal Singla of Univest recommends using GIFT Nifty above 24,460, ICICI Bank above Rs 1,435 and TCS direction at Thursday’s open as the three pre-market signals that unlock the full crude oil price prediction for tomorrow strategy. Check Brent Crude below USD 92/bbl as confirmation that crude’s Wednesday retreat is sustaining overnight.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Crude Oil Price Prediction For Tomorrow, 13 August 2026
What is the crude oil price prediction for tomorrow, 13 August 2026?
Ans. The crude oil price prediction for tomorrow is cautiously bearish-to-neutral for crude. MCX Crude closed at Rs 7,910 (-0.38%) on Wednesday ; the first close below Rs 8,000 since Tuesday’s surge. The Rs 7,980-8,050 zone is now resistance and Rs 7,820-7,900 is support. The crude oil price prediction for tomorrow depends on whether Wednesday’s retreat sustains or Iran deal news reverses it.
Why did MCX Crude fall below Rs 8,000 on Wednesday in the crude oil price prediction for tomorrow context?
Ans. Crude fell from Rs 8,024 (Tuesday) to Rs 7,910 (-0.38%) on Wednesday as intraday high of Rs 8,049 was rejected by sellers near Rs 8,000, suggesting the market is pricing in some Iran deal possibility or simple profit-taking from the 3-session surge (Rs 7,356 to Rs 8,024). For the crude oil price prediction for tomorrow, this creates the BPCL recovery opportunity.
What is MCX Crude support and resistance for the crude oil price prediction for tomorrow?
Ans. Support is Rs 7,820-7,900 and Rs 7,650-7,750. Resistance is Rs 7,980-8,050 and Rs 8,100-8,200 in the crude oil price prediction for tomorrow on Thursday.
Which analysts prepared the crude oil price prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the crude oil price prediction for tomorrow using Groww-confirmed Wednesday data: MCX Crude Rs 7,910 (-0.38%), intraday range Rs 7,858-8,049.
Which stocks benefit from crude below Rs 8,000 in the crude oil price prediction for tomorrow?
Ans. BPCL (GRM improvement, buy Rs 315-320), Maruti Suzuki (tyre and plastic input cost relief) and auto, FMCG and cement sectors broadly benefit from crude at Rs 7,910 versus Rs 8,024 in the crude oil price prediction for tomorrow. ONGC faces mild upstream realization reduction from the crude pullback.
