Crude Oil Price Prediction for Tomorrow, 28 October 2026
- October 27, 2026
- Posted by: Ankit Jaiswal
- Category: Uncategorized
Crude Oil traded at Rs 9,768.00 per barrel on MCX, up 0.46%, on the 19 November 2026 futures. Nifty 50 was little changed, down 0.02%. India VIX fell 4.43% to 16.40. Next session is tomorrow, Wednesday 28 October.
Quick Answer
The crude oil price prediction for tomorrow is mildly constructive for tomorrow, 28 October 2026. Crude oil traded at Rs 9,768.00 per barrel on the 19 November futures, up 0.46 percent, and sits above the previous close of 9,723. The price recovered from a low of 9,595 and closed 28 below the day’s high of 9,796.
This crude oil price prediction for tomorrow follows a Tuesday, 27 October 2026 session in which crude oil futures on MCX rose 0.46 percent and closed close to the day’s high of 9,796, after opening near the low of 9,595.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking crude oil price and global cues ahead of the session tomorrow, which falls on Wednesday, 28 October 2026.
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What Tuesday Told Us
- Crude Oil traded at Rs 9,768.00 per barrel, up 0.46 percent on the 19 November 2026 futures, with a high of 9,796.00 and a low of 9,595.00.
- Nifty 50 fell 0.02 percent.
- India VIX fell 4.43 percent to 16.40.
Crude Oil Price Prediction for Tomorrow: Key Levels
Crude Oil (19 November 2026 futures) traded between 9,595.00 and 9,796.00 on Tuesday, against a previous close of 9,723.00, and settled at 9,768.00. On the downside, 9,723.00 and 9,595.00 are the first reference levels to watch if the day’s move is tested. On the upside, 9,796.00 marks the nearest resistance. Univest’s analysts treat these as reference points drawn from Tuesday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Positive | 9,723.00, 9,595.00 | 9,796.00 |
MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 19 November 2026 contract.
For traders, this crude oil price prediction for tomorrow is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Tomorrow
- Crude oil rose 0.46 percent on the MCX 19 November contract, with a high of 9,796.00 and a low of 9,595.00.
- The price climbed about 173 from the low, so buyers stepped in after an early dip.
- India imports most of its crude, so higher oil prices usually add to pressure on inflation and the rupee.
Ankit Jaiswal and Kunal Singla suggest revisiting this crude oil price prediction for tomorrow after the first thirty minutes of Wednesday’s trade.
Anyone following this crude oil price prediction for tomorrow should keep the next session’s opening range in view before reading too much into early moves.
What to Watch Alongside Crude Oil
Reliance Industries and Oil and Natural Gas Corporation are the large-cap stocks most often linked to crude moves. ONGC rose 0.62 percent on Tuesday while Reliance fell 0.47 percent, so the two moved in opposite directions.
How Tuesday’s Broader Session Unfolded
The Nifty 50 closed at 22,749.75, down 0.02 percent, with a high of 22,829.75 and a low of 22,636.85. The Sensex closed at 73,598.67, down 0.01 percent, and the Bank Nifty closed at 53,974.90, down 0.72 percent. India VIX, the market’s fear gauge, fell 4.43 percent to 16.40, after touching 17.49 during the session. The Nifty 50 ended almost flat and is about 1.7 percent below its close of 23,146.15 on 16 October. The Nifty Midcap 50 rose 0.90 percent and the Nifty Next 50 rose 1.30 percent, so the broader market outperformed the headline index. Nifty Pharma rose 1.91 percent and Nifty Auto rose 1.48 percent, while the Nifty Private Bank index fell 0.73 percent. The trigger for the divergence was not independently confirmed.
Univest’s analysts suggest treating this crude oil price prediction for tomorrow as a preparation note for Wednesday, 28 October 2026, rather than a signal that changes overnight.
Analyst View for Tomorrow
Kunal Singla suggests that crude can stay constructive above 9,723, the previous close, with 9,796 the resistance to clear.
Ankit Jaiswal flags that the price has recovered from a low, but a gain of 0.46 percent is modest and can reverse quickly.
This crude oil price prediction for tomorrow will be most useful when read alongside the support and resistance table above.
Why This Is Written for Tomorrow
This crude oil price prediction for tomorrow is written after the close on Tuesday, 27 October 2026, using Tuesday’s closing data, for the next trading session tomorrow, Wednesday, 28 October 2026. Treat it as a briefing to prepare for that session, not a live call that updates through the evening.
MCX futures trade into Tuesday night, so global moves late on Tuesday can shift Wednesday’s opening price.
A fair reading of this crude oil price prediction for tomorrow is that Tuesday’s data sets the context, while Wednesday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- Supply headlines from major producers overnight can gap crude sharply at the open.
- A pullback could take prices back toward the previous close of 9,723.
- Higher crude can add to input-cost pressure for oil-consuming sectors.
Readers comparing views should note that this crude oil price prediction for tomorrow draws only on Tuesday’s closing numbers and the factors listed here.
As with any crude oil price prediction for tomorrow, the opening minutes of Wednesday’s trade will confirm or challenge the levels discussed here.
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The crude oil price prediction for tomorrow also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The crude oil price prediction for tomorrow leans mildly constructive into 28 October 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Wednesday’s opening trade confirms direction.
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.
Frequently Asked Questions
What is the crude oil price prediction for tomorrow?
Ans. It is mildly constructive for 28 October 2026, after Crude Oil traded at Rs 9,768.00 per barrel on Tuesday, up 0.46 percent.
Why is this a prediction for tomorrow, 28 October 2026?
Ans. Because it is written after the close on Tuesday, 27 October 2026, for the next regular trading session on Wednesday, 28 October 2026.
Why did crude oil rise on Tuesday?
Ans. Crude oil rose 0.46 percent on the MCX 19 November contract. The specific trigger was not independently confirmed.
How does crude oil affect Indian stocks?
Ans. Higher crude raises import costs and inflation concerns, which tends to weigh on oil marketing companies, paints and aviation, while upstream producers can benefit.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
