Crude Oil Price Prediction for Tomorrow, 12 August 2026: MCX Crude Surges 2.83 Percent to Rs 8,024 Above Rs 8,000 for the First Time as Iran Deal Talks Definitively Stall
- August 11, 2026
- Posted by: Kunal Singla
- Category: News
MCX Crude Tue: Rs 8,024/bbl (+2.83%). Above Rs 8,000 first time. 9.1% surge in 3 sessions. BPCL -0.22%. ONGC -0.16%. UltraTech -2.14%.
The crude oil price prediction for tomorrow for Wednesday 12 August 2026 is shaped by Tuesday’s dominant story: MCX Crude Oil surged 2.83% to Rs 8,024, crossing above Rs 8,000 for the first time, as Iran deal talks stalled definitively. Nifty 50 fell 112 points to 24,471.70 (-0.46%) while UltraTech Cement crashed 2.14%, Nifty FMCG dropped 1.17% and Nifty Auto fell 0.55% on crude input cost shock. Nifty IT (+0.61%) and Nifty Pharma (+1.02%) were the only sectoral gainers through defensive rotation. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the crude oil price prediction for tomorrow.
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Today’s Market Data for the crude oil price prediction for tomorrow
| Indicator | Close (Tue 11 Aug, Groww) | Change |
|---|---|---|
| Nifty 50 | 24,471.70 | -112.10 pts (-0.46%) |
| Sensex | 78,154.25 | -388.19 pts (-0.49%) |
| Bank Nifty | 57,446.25 | -240.70 pts (-0.42%); Low: 57,158.70 |
| Nifty IT | 31,823.15 | +0.61%; TCS +0.82%, Infosys +0.65% |
| Nifty Pharma | 26,750.45 | +1.02% ; top sectoral gainer; defensive rotation |
| Nifty FMCG | 48,787.85 | -1.17%; HUL -1.07%, ITC -1.29% |
| Nifty Auto | 29,458.55 | -0.55%; crude above Rs 8,000 headwind |
| Nifty Private Bank | 27,380.35 | -0.56%; Axis Bank -1.40% |
| Nifty PSU Bank | 8,640.25 | +0.01%; essentially flat; SBI -0.47% |
| Nifty Metal | 13,100.80 | -0.95%; Hindustan Zinc -1.43% |
| UltraTech Cement | Rs 11,780 (-2.14%) | Biggest large-cap loser; crude pet coke shock |
| MCX Crude Oil | Rs 8,024/bbl (+2.83%) | Above Rs 8,000 for first time; Iran deal stalled |
| MCX Gold | Rs 1,52,762/10g (+0.60%) | H: Rs 1,54,074; safe-haven demand continues |
| MCX Silver | Rs 2,37,600/kg (-0.05%) | H: Rs 2,43,000 then sharp reversal; volatile |
| MCX Copper | Rs 1,383/kg (+0.44%) | Industrial metals mildly positive |
| MCX Zinc | Rs 394.10/kg (+0.09%) | Near flat; supply deficit intact |
| MCX Natural Gas | Rs 265.10/MMBTU (-0.49%) | Consolidating after Monday’s +3.33% surge |
| India VIX | Est. 12.50-12.80 | Rising as breadth turned broadly negative |
Crude Above Rs 8,000: The crude oil price prediction for tomorrow Central Context
MCX Crude Oil at Rs 8,024 (+2.83%) on Tuesday is the biggest single commodity development of this week. The crude price has risen from Rs 7,356 on Friday August 7 to Rs 8,024 on Tuesday August 11 ; a 9.1% surge in three trading sessions. Ankit Jaiswal identifies this as the defining macro variable for tomorrow: at Rs 8,024, crude is creating multi-sector simultaneous headwinds across auto, FMCG, cement, chemicals and consumer durables.
Kunal Singla notes that Nifty Pharma gaining 1.02% and Nifty IT gaining 0.61% on Tuesday confirms the market is rotating defensively ; selling crude-sensitive sectors and buying crude-insensitive ones. for tomorrow, this rotation is expected to continue on Wednesday unless a formal Iran deal or OPEC+ announcement reverses crude’s trajectory overnight.
Key Factors for the crude oil price prediction for tomorrow
- MCX Crude Oil crossing Rs 8,000 on Tuesday (+2.83% to Rs 8,024) is a significant milestone for tomorrow. This is the first time crude has traded above Rs 8,000 since the Iran-deal-hope decline began. The 9.1% surge from Rs 7,356 (Friday August 7) to Rs 8,024 (Tuesday August 11) in three sessions confirms Iran deal talks have stalled definitively, not temporarily. Ankit Jaiswal identifies Rs 8,000 as a psychological level that, once crossed and held, typically sustains for multiple sessions in the crude oil price prediction for tomorrow.
- UltraTech Cement fell 2.14% to Rs 11,780 on Tuesday ; the largest large-cap Nifty decline ; as crude above Rs 8,000 makes pet coke (crude derivative used as kiln fuel) significantly more expensive. Nifty FMCG fell 1.17%, Nifty Auto fell 0.55%. For the crude oil price prediction for tomorrow, these sector cascades confirm the Rs 8,000 crude level is creating real and immediate input cost pressure, not just theoretical margin compression.
- MCX Natural Gas at Rs 265.10 (-0.49%) consolidated on Tuesday while crude surged 2.83%. For the crude oil price prediction for tomorrow, this mild divergence (crude up, gas down slightly) is normal post-Monday rotation: gas had its 3.33% surge on Monday; crude had its surge on Tuesday. Both are driven by the same Iran deal stall thesis, and both remain elevated for the crude oil price prediction for tomorrow.
- BPCL at Rs 317.80 (-0.22%) on Tuesday shows mild decline despite crude surging 2.83% ; an interesting divergence for the crude oil price prediction for tomorrow. BPCL faces GRM compression from higher crude feedstock costs. Ankit Jaiswal identifies BPCL as the inverse crude oil price prediction for tomorrow trade: Iran deal confirmed = BPCL strongly bullish from GRM expansion; deal stalled = BPCL faces GRM pressure at Rs 8,000 crude.
Technical Levels for the crude oil price prediction for tomorrow
| Level | Zone |
|---|---|
| Key Support | Rs 7,900-8,000 |
| Secondary Support | Rs 7,650-7,750 |
| Immediate Resistance | Rs 8,075-8,150 |
| Key Resistance | Rs 8,300-8,500 |
Stocks to Watch for the crude oil price prediction for tomorrow
ONGC: CMP Rs 239.45 (-0.16% Tue). Ankit Jaiswal flags entry Rs 236-240, target Rs 254, SL Rs 228. ONGC upstream realization directly improves from crude at Rs 8,024. Tuesday’s -0.16% despite crude surging 2.83% creates the crude oil price prediction for tomorrow catch-up entry at Rs 236-240.
Reliance Industries: CMP Rs 1,323.90 (-0.26% Tue). Kunal Singla flags entry Rs 1,315-1,325, target Rs 1,358, SL Rs 1,295. Reliance’s KG-D6 gas and O2C businesses are net beneficiaries of crude at Rs 8,024. Tuesday’s -0.26% creates the crude oil price prediction for tomorrow buy-on-dip entry.
BPCL: CMP Rs 317.80 (-0.22% Tue). Ankit Jaiswal flags entry Monitor only, target Iran deal watch, SL N/A. BPCL is the inverse crude oil price prediction for tomorrow: Iran deal = BUY; no deal sustained at Rs 8,000+ = avoid. Tuesday’s -0.22% is the market pricing in GRM compression.
Screen All Stocks Live on Univest for the crude oil price prediction for tomorrow
Strategy for the crude oil price prediction for tomorrow
- Rs 7,900-8,000 is the crude oil price prediction for tomorrow support zone. Ankit Jaiswal recommends buying any Wednesday morning pullback toward Rs 7,950-8,000 with Rs 7,750 stop-loss.
- Rs 8,075-8,150 is the crude oil price prediction for tomorrow first resistance. Near Tuesday’s intraday high of Rs 8,075. Kunal Singla recommends booking 50 percent here and trailing the balance toward Rs 8,300-8,500.
- Monitor Brent Crude above USD 93/bbl pre-market Wednesday as the crude oil price prediction for tomorrow positive overnight signal. Below USD 90 = Iran deal risk re-emerging.
- Iran deal announced overnight = immediately exit crude longs and watch BPCL for the refining margin recovery trade in the crude oil price prediction for tomorrow.
Risks to the crude oil price prediction for tomorrow
- Iran deal formally confirmed before Wednesday open sending MCX Crude from Rs 8,024 gap-down toward Rs 6,800-7,100 in the crude oil price prediction for tomorrow.
- OPEC+ production increase decision reducing the crude oil price prediction for tomorrow supply premium.
- Profit-taking from the 2.83% Tuesday surge creating a crude oil price prediction for tomorrow pullback toward Rs 7,750-7,900.
Conclusion
The crude oil price prediction for tomorrow for Wednesday 12 August 2026 is dominated by crude oil at Rs 8,024 ; above Rs 8,000 for the first time. Ankit Jaiswal of Univest identifies Rs 7,900-8,000 as the primary support and Rs 8,075-8,150 as the resistance for the crude oil price prediction for tomorrow on Wednesday. The defensive sectors (IT and Pharma) provide tomorrow’s positive carry-forwards; crude-sensitive sectors (auto, FMCG, cement) face continued headwinds until energy prices moderate.
Kunal Singla of Univest notes that the crude oil price prediction for tomorrow for Wednesday has two binary outcomes overnight: Iran deal confirmed = sharp crude reversal and sector rotation back to auto, FMCG, cement; deal stalled = crude sustains above Rs 7,900-8,000 and defensive IT/Pharma rotation continues. Check Brent Crude pre-market Wednesday morning as the first crude oil price prediction for tomorrow direction signal.
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, 12 August 2026
What is the crude oil price prediction for tomorrow, 12 August 2026?
Ans. The crude oil price prediction for tomorrow is bullish at Rs 8,024 with binary Iran deal risk. MCX Crude crossed Rs 8,000 on Tuesday for the first time (+2.83%). Support is Rs 7,900-8,000 and resistance is Rs 8,075-8,150. Iran deal confirmed overnight = sharp gap-down; deal stalled = crude sustains above Rs 8,000 in the crude oil price prediction for tomorrow.
What triggered MCX Crude crossing Rs 8,000 in the crude oil price prediction for tomorrow?
Ans. Iran-US deal negotiations stalled definitively, reversing all the Iran-deal-hope-driven crude decline from July levels. The 9.1% three-session surge (Rs 7,356 to Rs 8,024) confirms that the market is now pricing in no near-term Iran deal and the associated Strait of Hormuz risk premium in the crude oil price prediction for tomorrow.
What is MCX Crude support and resistance for the crude oil price prediction for tomorrow?
Ans. Support is Rs 7,900-8,000 and Rs 7,650-7,750. Resistance is Rs 8,075-8,150 and Rs 8,300-8,500 in the crude oil price prediction for tomorrow.
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 Tuesday data: MCX Crude Rs 8,024 (+2.83%), intraday H: Rs 8,075.
How does crude at Rs 8,024 affect equity sectors in the crude oil price prediction for tomorrow?
Ans. UltraTech fell 2.14%, FMCG -1.17%, Auto -0.55% on Tuesday from crude input cost shock. These sectors face continued headwinds in the crude oil price prediction for tomorrow. ONGC benefits from upstream realization; BPCL faces GRM compression. This upstream-downstream split defines the crude oil price prediction for tomorrow equity strategy.
