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- November 6, 2026
- Posted by: Harsh Piplani
- Category: News
MCX crude Nov futures Rs 8,607 (+0.55%) at 12:50 PM, 6 Nov. Day range Rs 8,572 to 8,740. Dec Rs 8,513. BPCL -0.95%. ONGC +0.27%. IndiGo -0.55%.
Quick Answer
Crude oil price today on MCX is Rs 8,607 per barrel for November futures, up Rs 47 or 0.55% at 12:50 PM IST on 6 November 2026. The December contract is at Rs 8,513, and later months trade lower still, which shows a downward-sloping futures curve. Oil marketing companies such as BPCL and users such as IndiGo and Asian Paints are slightly lower, while producer ONGC is up 0.27%.
Crude oil price today is edging higher on the Multi Commodity Exchange. The November MCX crude oil futures contract was quoted at Rs 8,607 per barrel at 12:50 PM IST on Friday, 6 November 2026, up 0.55% from the previous close of Rs 8,560. The day’s range so far is Rs 8,572 to Rs 8,740.
Equity markets link that move to oil and gas stocks. Oil marketing companies, tracked as OMC stocks, such as Bharat Petroleum (down 0.95% at Rs 314.10) face higher input costs, while upstream producer ONGC is up 0.27% at Rs 230.61. This report covers the futures curve and backwardation, and how aviation turbine fuel costs weigh on airlines.
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Crude Oil Price Today on MCX: Contract Prices
The front-month November contract sets the crude oil price today that most traders quote, with the heaviest volume of the four contracts shown. Contracts for later months are priced lower, so the market is asking less for oil delivered further out. All four contracts shown below are up between 0.55% and 0.77% for the day.
| MCX Crude Oil Contract | Last Traded (Rs per barrel) | Day Change |
|---|---|---|
| Crude Oil 19 Nov futures | 8,607 | +0.55% |
| Crude Oil 18 Dec futures | 8,513 | +0.71% |
| Crude Oil 19 Jan futures | 8,385 | +0.77% |
| Crude Oil Mini 19 Feb futures | 8,259 | +0.74% |
Source: MCX contract data via live market feed, 6 November 2026, 12:50 PM IST. Crude oil price today changes continuously.
What the Futures Curve Says About Crude Oil Price Today
When near-month contracts trade above later months, traders call the structure backwardation. Here the difference between the November and February contracts is about Rs 348 per barrel. Backwardation is often associated with tight near-term supply or strong immediate demand, though a futures curve alone cannot prove either cause.
The curve is a descriptive indicator. It tells us what traders are paying for oil at different delivery dates, and it does not predict the actual price path.
How Oil and Gas Stocks React to Crude Oil Price Today
Oil marketing companies, tracked as OMC stocks, buy crude and sell petrol, diesel and LPG, so their margins depend on the gap between crude costs and regulated or market retail prices. Upstream producers such as ONGC earn more per barrel when prices rise. Airlines spend heavily on aviation turbine fuel, and paint makers use crude-linked raw materials, so higher oil raises input costs for both.
| Stock | Exposure to Crude | Price (12:50 PM) | Day Change |
|---|---|---|---|
| BPCL | Oil marketing company; crude is an input | Rs 314.10 | -0.95% |
| Indian Oil | Oil marketing and refining; crude is an input | Rs 144.35 | -0.10% |
| ONGC | Upstream producer; benefits from higher prices | Rs 230.61 | +0.27% |
| IndiGo | Airline; fuel is a major cost | Rs 5,390.40 | -0.55% |
| Asian Paints | Paint maker; crude-linked raw materials | Rs 2,499.30 | -0.97% |
Source: NSE prices at 12:50 PM IST, 6 November 2026. Reactions on a single day are not proof of cause.
Today’s pattern fits the usual link between the crude oil price today and these stocks: marketing and consuming names are lower, and the producer is higher. The moves are small, though, and other drivers such as results, market direction and currency also affect each stock.
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ONGC, Q2 and the Dividend Date
ONGC was due to report Q2 on 5 November, with brokerages expecting standalone profit in a range of Rs 15,550 to Rs 16,423 crore before the release. The company had fixed 12 November as the record date for its interim dividend, if declared. Check the exchange filing for actual Q2 numbers and any dividend amount, as they are not confirmed here.
What to Track Beyond the Crude Oil Price Today
Investors in energy-sensitive stocks usually follow Brent crude, the rupee-dollar rate, retail fuel price decisions and company results. A rise in crude with a weak rupee adds to import costs. Airlines and paint makers often comment on fuel and raw-material costs in their quarterly calls.
For short-term traders, the crude oil price today and its day range of Rs 8,572 to Rs 8,740 in the front-month MCX contract is a simple reference. For long-term investors, balance sheets and cash generation matter more than a day’s oil move.
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Conclusion
Crude oil price today is up 0.55% at Rs 8,607 per barrel on MCX, with later contracts priced lower. Oil marketing, airline and paint stocks are slightly down while ONGC is up, in line with their usual crude sensitivity. Treat single-day moves with caution and confirm prices on the exchanges before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information and company disclosures. These may or may not be accurate. Please verify all data independently 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).
Crude Oil Price Today: Frequently Asked Questions
What is the crude oil price today on MCX?
Ans. The November MCX crude oil futures contract was at Rs 8,607 per barrel at 12:50 PM IST on 6 November 2026, up Rs 47 or 0.55% from the previous close of Rs 8,560. The December contract was at Rs 8,513. Check the live quote for the latest price.
What is the day range of MCX crude oil today?
Ans. The November contract has traded between Rs 8,572 and Rs 8,740 so far on 6 November 2026. It opened at Rs 8,665. The range can widen as the session continues.
Which stocks gain when the crude oil price today moves up?
Ans. Upstream producers such as ONGC and Oil India typically benefit from higher oil prices. Today ONGC is up 0.27% at Rs 230.61. Individual stock moves also depend on results and market direction.
Which stocks are hurt by a higher crude oil price today?
Ans. Oil marketing companies such as BPCL and Indian Oil, airlines such as IndiGo and paint makers such as Asian Paints face higher input or fuel costs. Today BPCL is down 0.95%, IndiGo down 0.55% and Asian Paints down 0.97%.
What does a downward-sloping crude futures curve mean?
Ans. It means near-month contracts trade above later months, which traders call backwardation. On MCX, November is at Rs 8,607 and February mini is at Rs 8,259. It describes pricing and does not forecast the future price.
What did ONGC announce about its dividend?
Ans. The company had fixed 12 November 2026 as the record date for an interim dividend, if declared. Confirm the amount and Q2 profit in the exchange filing, as they are not verified in this article.
Should I trade crude-linked stocks based on the crude oil price today?
Ans. Oil moves are one input among many, including results, valuation and market trend. Use stop-loss levels and size positions to your risk. This article is educational and is not investment advice.
