{"id":164736,"date":"2026-07-22T16:25:44","date_gmt":"2026-07-22T10:55:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=164736"},"modified":"2026-07-22T16:25:45","modified_gmt":"2026-07-22T10:55:45","slug":"crude-oil-price-prediction-for-tomorrow-23-july-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/","title":{"rendered":"Crude Oil Price Prediction for Tomorrow, 23 July 2026: MCX Crude Surges 4.88 Percent to Rs 8,548 as Brent Tops 92 Dollars"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Crude oil price prediction for tomorrow 23 July 2026: MCX Crude Oil August futures closed at Rs 8,548, up 4.88 percent, a five-week high for Brent. Support Rs 8,350. Resistance Rs 8,600 and Rs 8,800.<\/em><\/p>\n<p><strong>Crude oil price prediction for tomorrow<\/strong>: MCX Crude Oil August futures surged to close at Rs 8,548 on Wednesday, up 4.88 percent, its sharpest single-day gain in weeks, as Brent crude crossed 92 dollars a barrel, a five-week high, following the most severe escalation of the regional conflict since it began. This crude oil price prediction for tomorrow is built on Friday, 10 July 2026&#8217;s closing data, the last completed session before markets reopen on Monday, 13 July 2026.<\/p>\n<p>Ankit Jaiswal, Senior Research Analyst at Univest, notes that the crude oil price prediction for tomorrow now reflects a qualitatively different level of risk, since Iranian drones striking Kuwait&#8217;s oil facilities directly, Iran retaliating against three separate countries, and the last remaining safe shipping route now under threat too, together represent a genuinely severe escalation beyond anything seen earlier this week.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=crude-oil-price-prediction-23-july\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Market_Recap_Behind_the_Crude_oil_price_prediction_for_tomorrow\" title=\"Market Recap Behind the Crude oil price prediction for tomorrow\">Market Recap Behind the Crude oil price prediction for tomorrow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Crude_oil_price_prediction_for_tomorrow_Trend_and_Key_Levels\" title=\"Crude oil price prediction for tomorrow: Trend and Key Levels\">Crude oil price prediction for tomorrow: Trend and Key Levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#No_Safe_Route_Left_Why_This_Escalation_Is_Different\" title=\"No Safe Route Left: Why This Escalation Is Different\">No Safe Route Left: Why This Escalation Is Different<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Key_Triggers_in_the_Crude_oil_price_prediction_for_tomorrow\" title=\"Key Triggers in the Crude oil price prediction for tomorrow\">Key Triggers in the Crude oil price prediction for tomorrow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Related_Energy_Markets_to_Watch\" title=\"Related Energy Markets to Watch\">Related Energy Markets to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Risks_to_the_Crude_oil_price_prediction_for_tomorrow\" title=\"Risks to the Crude oil price prediction for tomorrow\">Risks to the Crude oil price prediction for tomorrow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#FAQs_on_the_Crude_oil_price_prediction_for_tomorrow\" title=\"FAQs on the Crude oil price prediction for tomorrow\">FAQs on the Crude oil price prediction for tomorrow<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#What_is_the_crude_oil_price_prediction_for_tomorrow_23_July_2026\" title=\"What is the crude oil price prediction for tomorrow, 23 July 2026?\">What is the crude oil price prediction for tomorrow, 23 July 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Which_analyst_gave_the_crude_oil_price_prediction_for_tomorrow\" title=\"Which analyst gave the crude oil price prediction for tomorrow?\">Which analyst gave the crude oil price prediction for tomorrow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Why_did_crude_oil_surge_nearly_5_percent_on_Wednesday\" title=\"Why did crude oil surge nearly 5 percent on Wednesday?\">Why did crude oil surge nearly 5 percent on Wednesday?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-23-july-2026\/#Is_crude_oil_expected_to_rise_further_on_Thursday\" title=\"Is crude oil expected to rise further on Thursday?\">Is crude oil expected to rise further on Thursday?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Recap_Behind_the_Crude_oil_price_prediction_for_tomorrow\"><\/span><strong>Market Recap Behind the Crude oil price prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crude oil opened at Rs 8,231, touched a high of Rs 8,577 and closed at Rs 8,548, holding almost all of its sharp intraday gains through the close. The US military confirmed its 11th straight night of strikes against Iran, targeting operation centres, maritime assets and drone facilities, while API data separately showed US crude inventories actually increased last week, a bearish supply signal overwhelmed entirely by the shipping route fears.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crude_oil_price_prediction_for_tomorrow_Trend_and_Key_Levels\"><\/span><strong>Crude oil price prediction for tomorrow: Trend and Key Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Trend: Bullish Above Rs 8,350<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Level Type<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Support 1<\/td>\n<td>Rs 8,350<\/td>\n<\/tr>\n<tr>\n<td>Support 2<\/td>\n<td>Rs 8,150<\/td>\n<\/tr>\n<tr>\n<td>Resistance 1<\/td>\n<td>Rs 8,600<\/td>\n<\/tr>\n<tr>\n<td>Resistance 2<\/td>\n<td>Rs 8,800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Ankit Jaiswal flags Rs 8,350 as the key support for the crude oil price prediction for tomorrow, with Rs 8,600 as the first resistance. A close above Rs 8,800 would confirm the market is pricing in a genuinely severe, sustained multi-front conflict, while a break under Rs 8,150 would suggest Wednesday&#8217;s spike is beginning to fade.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"No_Safe_Route_Left_Why_This_Escalation_Is_Different\"><\/span><strong>No Safe Route Left: Why This Escalation Is Different<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ankit Jaiswal flags this as the defining theme in the crude oil price prediction for tomorrow: after ceasefire talks collapsed last week, Saudi crude had been rerouting through the Bab el-Mandeb Strait as shipping through Hormuz declined, but that alternate route is now itself under threat of blockade by Iran&#8217;s Houthi allies. With Iranian drones also striking Kuwait directly and Iran retaliating against Bahrain and Jordan, the market is now pricing in a genuinely multi-front conflict with no clearly safe shipping corridor remaining, a materially different risk than the earlier, more contained incidents.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Triggers_in_the_Crude_oil_price_prediction_for_tomorrow\"><\/span><strong>Key Triggers in the Crude oil price prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These triggers dominate the outlook heading into Monday, 13 July 2026:<\/p>\n<ul>\n<li><strong>Whether the Bab el-Mandeb threat materialises:<\/strong> The single biggest swing factor, since this would represent a genuine loss of the last safe shipping route.<\/li>\n<li><strong>Further country-level retaliation:<\/strong> Any additional nations drawn into direct conflict would extend the current risk premium further.<\/li>\n<li><strong>Whether the US strikes continue into a 12th night:<\/strong> Would confirm the underlying conflict remains far from any resolution.<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Talk to a SEBI Registered Investment Advisor Before Trading Commodities<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Related_Energy_Markets_to_Watch\"><\/span><strong>Related Energy Markets to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Natural gas and Indian energy equities are worth tracking alongside the crude oil price prediction for tomorrow for a fuller picture.<\/p>\n<p><strong>Natural Gas:<\/strong> Rose a more modest 1.31 percent on Wednesday, confirming crude&#8217;s own move is genuinely its own story.<\/p>\n<p><strong>Reliance Industries:<\/strong> <a href=\"https:\/\/univest.in\/stocks\/reliance\/reliance-industries-ltd-share-price-today\">Reliance Industries<\/a> fell 1.16 percent on Wednesday, extending its own post-results pullback even as crude oil surged.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_the_Crude_oil_price_prediction_for_tomorrow\"><\/span><strong>Risks to the Crude oil price prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These factors can invalidate this outlook:<\/p>\n<ul>\n<li><strong>Sudden de-escalation:<\/strong> Any diplomatic breakthrough across the multiple active fronts would quickly unwind a meaningful part of Wednesday&#8217;s spike.<\/li>\n<li><strong>Demand destruction concerns:<\/strong> Sustained prices above 92 dollars a barrel could eventually start denting global oil demand estimates.<\/li>\n<li><strong>Overextension:<\/strong> After the sharpest single-day gain in weeks, some profit booking would not be unusual once trading resumes.<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track live MCX crude oil prices and get daily commodity research from SEBI registered analysts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The crude oil price prediction for tomorrow, 23 July 2026, is bullish above Rs 8,350, after Wednesday&#8217;s surge to a five-week Brent high on the most severe escalation of the regional conflict yet, with the last safe shipping route itself now under threat. Ankit Jaiswal flags Rs 8,350 as the key support in the crude oil price prediction for tomorrow, with whether the Bab el-Mandeb threat materialises the decisive factor heading into Thursday.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_the_Crude_oil_price_prediction_for_tomorrow\"><\/span><strong>FAQs on the Crude oil price prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_crude_oil_price_prediction_for_tomorrow_23_July_2026\"><\/span><strong>What is the crude oil price prediction for tomorrow, 23 July 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The crude oil price prediction for tomorrow, 23 July 2026, is bullish above Rs 8,350. MCX Crude Oil August futures closed at Rs 8,548 on Wednesday, up 4.88 percent, as Brent crossed 92 dollars a barrel, a five-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_analyst_gave_the_crude_oil_price_prediction_for_tomorrow\"><\/span><strong>Which analyst gave the crude oil price prediction for tomorrow?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Ankit Jaiswal, Senior Research Analyst at Univest, has shared the crude oil price prediction for tomorrow, flagging Rs 8,350 as the key support level.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_crude_oil_surge_nearly_5_percent_on_Wednesday\"><\/span><strong>Why did crude oil surge nearly 5 percent on Wednesday?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Crude oil surged as Iranian drones struck oil facilities in Kuwait and Iran retaliated against sites in Bahrain, Kuwait and Jordan, while the alternate Bab el-Mandeb shipping route that Saudi crude had been using since Hormuz traffic collapsed is now itself under threat of Houthi blockade, a genuinely severe multi-country escalation with no clearly safe shipping route remaining.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_crude_oil_expected_to_rise_further_on_Thursday\"><\/span><strong>Is crude oil expected to rise further on Thursday?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The crude oil price prediction for tomorrow leans bullish above Rs 8,350, since this represents the most severe escalation of the conflict yet, though any diplomatic breakthrough across the multiple active fronts could quickly reverse part of Wednesday&#8217;s sharp spike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil price prediction for tomorrow, 23 July 2026: MCX crude closed near Rs 8,548 on Wednesday, up 4.88 percent, as Brent topped 92 dollars a barrel. Levels inside.<\/p>\n","protected":false},"author":34,"featured_media":164998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802],"class_list":["post-164736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1784717748:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["77"],"rank_math_title":["Crude Oil Price Prediction for Tomorrow 23 July"],"rank_math_description":["Crude oil price prediction for tomorrow, 23 July 2026: MCX crude closed near Rs 8,548 on Wednesday, up 4.88 percent, as Brent topped 92 dollars a barrel. 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