Crude Oil Price Prediction for Tomorrow, 15 July 2026: MCX Crude Surges 5.67 Percent to Rs 7,777 as Brent Tops 85 Dollars
- July 14, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Crude oil price prediction for tomorrow 15 July 2026: MCX Crude Oil July futures closed at Rs 7,777, up 5.67 percent. Support Rs 7,580. Resistance Rs 7,900 and Rs 8,100.
Crude oil price prediction for tomorrow: MCX Crude Oil July futures surged to close at Rs 7,777 on Tuesday, up 5.67 percent, a one-month high, after the US reimposed a naval blockade on Iranian shipping and Iran attacked two oil tankers off Oman, killing at least one Indian national. This crude oil price prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the crude oil price prediction for tomorrow now reflects a materially more dangerous phase of the conflict than earlier in the week, with Brent crude crossing 85 dollars a barrel as the market prices in a genuine risk of sustained disruption to Gulf shipping.
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Market Recap Behind the Crude oil price prediction for tomorrow
Crude oil opened at Rs 7,654, spiked to a high of Rs 7,822 and closed at Rs 7,777, holding almost all of its intraday gains. The escalation included the US ordering a 20 percent charge on all goods transiting the Strait of Hormuz, Iran claiming its airspace was breached by fresh US strikes overnight, and Iran claiming to have targeted a US ship and shot down a US drone, a significant broadening of hostilities from the tanker-specific incidents seen last week.
Crude oil price prediction for tomorrow: Trend and Key Levels
Trend: Bullish Above Rs 7,580
| Level Type | Value |
|---|---|
| Support 1 | Rs 7,580 |
| Support 2 | Rs 7,400 |
| Resistance 1 | Rs 7,900 |
| Resistance 2 | Rs 8,100 |
Ankit Jaiswal flags Rs 7,580 as the key support for the crude oil price prediction for tomorrow, with Rs 7,900 as the first resistance. A close above Rs 8,100 would signal the market is pricing in a sustained, multi-week disruption, while a break under Rs 7,400 would suggest today’s spike is beginning to fade.
Naval Blockade and Tanker Attacks: The Turning Point for Crude Tomorrow
Tuesday marked a genuine escalation from the earlier phases of the conflict. The reimposed naval blockade, the 20 percent Hormuz transit charge, and confirmed tanker attacks with casualties represent a qualitatively different risk than the closure declarations and isolated incidents seen previously. The crude oil price prediction for tomorrow depends heavily on whether this marks a peak in hostilities or the start of a sustained, broader regional conflict that could keep disrupting Gulf shipping for weeks.
Key Triggers in the Crude oil price prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- Further naval incidents: Any additional tanker attacks or military escalation would extend crude’s rally further.
- Actual shipping disruption levels: Whether the naval blockade meaningfully reduces the volume of oil transiting the strait is the most important real-time indicator.
- Diplomatic intervention: Any sign of international mediation or a ceasefire would be the clearest de-escalation trigger.
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Related Energy Markets to Watch
Natural gas and Indian energy equities are worth tracking alongside the crude oil price prediction for tomorrow for a fuller picture.
Natural Gas: MCX Natural Gas rose a modest 0.57 percent on Tuesday, far more muted than crude’s sharp spike.
Reliance Industries: India’s largest energy conglomerate fell 0.30 percent on Tuesday despite the crude spike, reflecting ongoing refining margin concerns.
Risks to the Crude oil price prediction for tomorrow
These factors can invalidate this outlook:
- Sudden de-escalation: Any diplomatic breakthrough would quickly unwind a meaningful part of Tuesday’s spike.
- Demand destruction: Sustained prices above 85 dollars a barrel could eventually dent global oil demand.
- Overextended single-day move: After a 5.67 percent surge, some profit booking or consolidation would not be unusual.
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Conclusion
The crude oil price prediction for tomorrow, 15 July 2026, is bullish above Rs 7,580, after Tuesday’s sharp escalation, including a naval blockade and tanker attacks with casualties, drove Brent above 85 dollars a barrel. Ankit Jaiswal flags Rs 7,580 as the key support in the crude oil price prediction for tomorrow, with further naval incidents or diplomatic intervention the decisive factors heading into Wednesday.
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 the Crude oil price prediction for tomorrow
What is the crude oil price prediction for tomorrow, 15 July 2026?
Ans. The crude oil price prediction for tomorrow, 15 July 2026, is bullish above Rs 7,580. MCX Crude Oil July futures closed at Rs 7,777 on Tuesday, up 5.67 percent, a one-month high, as Brent crude crossed 85 dollars a barrel.
Which analyst gave the crude oil price prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, has shared the crude oil price prediction for tomorrow, flagging Rs 7,580 as the key support level.
Why did crude oil spike sharply on Tuesday?
Ans. Crude oil jumped 5.67 percent on Tuesday after the US reimposed a naval blockade on Iranian shipping and ordered a 20 percent charge on goods transiting the Strait of Hormuz, while Iran attacked two oil tankers off Oman, killing at least one Indian national. The crude oil price prediction for tomorrow treats this as a genuine escalation rather than an isolated incident.
Is crude oil expected to rise further on Wednesday?
Ans. The crude oil price prediction for tomorrow leans bullish above Rs 7,580, since Tuesday’s escalation represents a materially more dangerous phase of the conflict, though any diplomatic intervention could quickly reverse a meaningful part of the recent spike.
