Crude Oil Prediction for Tomorrow, 8 October 2026

October 7, 2026
Posted by: Ankit Jaiswal
Category: Uncategorized

Crude Oil traded at Rs 8,713.00 per barrel on Wednesday, up 0.99 percent. Nifty 50 fell 0.76%. India VIX rose 2.28% to 13.92.

Quick Answer

This crude oil price prediction for tomorrow leans firm into Thursday’s session, as crude oil rose 0.99 percent on MCX, extending its move higher from the previous session’s sharp fall. MCX trades into the evening, so these levels may shift before tomorrow’s open. Traders should treat the levels below as a working framework rather than a fixed call.

This crude oil price prediction for tomorrow follows a Wednesday, 7 October 2026 session in which Indian equity markets slipped, with Nifty 50 easing 0.76 percent to 22,603.05 as Indian equities slipped after two days of gains, with the Nifty 50 down 0.76 percent and Sensex down 0.59 percent, while India VIX rose 2.28 percent to 13.92 and Nifty Metal, Nifty Auto and Nifty IT led the declines.

Nothing in this crude oil price prediction for tomorrow should be treated as a guarantee, only a working framework for Thursday’s session.

Univest’s research desk, led by Ankit Jaiswal and Kunal Singla, is tracking global cues overnight for this crude oil price prediction for tomorrow, since commodity prices on MCX often move in step with international benchmarks and the US Dollar Index.

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Table of Contents

What Wednesday Told Us

Crude Oil traded at Rs 8,713.00 per barrel, up 0.99 percent on the 19 October 2026 futures.
Nifty 50 fell 0.76 percent, giving back part of the previous two sessions’ gains.
India VIX rose 2.28 percent to 13.92.

This crude oil price prediction for tomorrow should be read alongside the support and resistance levels detailed above.

Levels in Focus for Tomorrow

Crude Oil traded between 8,659 and 8,752 on Wednesday, against a previous close of 8,628. That previous close is the first level to watch tomorrow, while the day’s low is where selling would resume if pressure returns. Univest’s analysts treat these as reference points drawn from Wednesday’s trading range, not as targets.

Crude Oil Prediction for Tomorrow: Key Levels

Univest’s desk is watching whether crude oil can extend Wednesday’s firm tone into 8 October 2026. A sustained move in crude oil prices and the US Dollar Index overnight will be the main swing factor, since both influence MCX pricing directly.

Key Drivers for Tomorrow

Crude oil rose 0.99 percent on MCX, extending its move higher from the previous session’s sharp fall.
Indian equities slipped after two days of gains, with the Nifty 50 down 0.76 percent and Sensex down 0.59 percent, while India VIX rose 2.28 percent to 13.92 and Nifty Metal, Nifty Auto and Nifty IT led the declines.
Movement in the US Dollar Index, which typically has an inverse relationship with metal and bullion prices on MCX.

Univest’s desk will revisit this crude oil price prediction for tomorrow once Thursday’s opening trade confirms direction.

Stocks to Watch Alongside This Commodity

Reliance Industries, given its refining exposure, and Oil and Natural Gas Corporation, as an upstream producer, are the two stocks most directly linked to this crude oil price prediction for tomorrow, and both fell on Wednesday (0.85 percent and 1.03 percent) even as crude rose.

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Risks to This Prediction

A sharp reversal in crude oil prices overnight could change the direction implied here.
Any unexpected US Federal Reserve commentary could move the US Dollar Index and, in turn, MCX prices.
Thin volumes early Thursday can exaggerate short-term moves.

Traders relying on this crude oil price prediction for tomorrow should still size positions to their own risk appetite.

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Conclusion

This crude oil price prediction for tomorrow leans firm into 8 October 2026, with crude oil prices and global cues overnight as the key variables to track. Traders should size positions carefully given the current volatility backdrop.

Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.

As with any crude oil price prediction for tomorrow, the opening minutes of Thursday’s trade will confirm or challenge the levels discussed here.

Frequently Asked Questions

What is the crude oil price prediction for tomorrow?

Ans. It leans firm for 8 October 2026, after Crude Oil traded at Rs 8,713.00 per barrel on Wednesday, up 0.99 percent.

Why did crude oil move higher on Wednesday?

Ans. Crude Oil moved higher on Wednesday mainly because crude oil rose 0.99 percent on MCX, extending its move higher from the previous session’s sharp fall.

What is the crude oil price on MCX right now?

Ans. Crude Oil was trading at Rs 8,713.00 per barrel on the 19 October 2026 futures as of Wednesday afternoon’s session.

This crude oil price prediction for tomorrow is built from Wednesday’s verified market data, not speculation about what Thursday will bring.

Why did crude oil rise on Wednesday?

Ans. Crude oil rose on Wednesday as crude oil rose 0.99 percent on MCX, extending its move higher from the previous session’s sharp fall, though the specific trigger was not independently confirmed.

How does the crude oil price prediction for tomorrow affect Indian stocks?

Ans. Firmer crude raises India’s import bill, inflation risk and rupee pressure, and Wednesday’s gain coincided with a decline across Indian equities.

Is now a good time to trade based on this outlook?

Ans. Whether to trade on this outlook depends on individual risk appetite. Univest’s analysts suggest tracking crude oil prices and the US Dollar Index before taking a position for tomorrow’s session.

Crude Oil MCX

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.