{"id":186661,"date":"2026-08-05T16:19:00","date_gmt":"2026-08-05T10:49:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=186661"},"modified":"2026-08-05T16:19:01","modified_gmt":"2026-08-05T10:49:01","slug":"crude-oil-price-prediction-for-tomorrow-06-august-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-tomorrow-06-august-2026\/","title":{"rendered":"Crude Oil Price Prediction for Tomorrow, Thursday 6 August 2026: Brent Falls to $78.44 as Iran Mediators Report Progress, Strait Remains Partially Shut"},"content":{"rendered":"
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Brent Wed: $78.44 (-$0.92, -1.2%). MCX Crude: ~Rs 6,480\/bbl. WTI: ~$74.70 (-1.4%). Weekly Brent loss: >12%. Strait partially shut. Iran deal progress. SBI Q1 Thu.<\/em><\/p>\n

The crude oil price prediction for tomorrow<\/strong> for Thursday 6 August 2026 is framed by Wednesday’s session where Brent crude extended its weekly decline to 78.44 US dollars, down 12 percent in a single week on Iran deal mediators in Qatar reporting progress, while the RBI held rates at 5.25 percent with a neutral stance. Nifty 50<\/a> closed approximately flat near 24,590 while Sensex<\/a> gained 321 points to approximately 78,750 — a historic divergence driven by the new Closing Auction Session mechanism. Bank Nifty<\/a> fell 187 points to approximately 57,720 as private banks (HDFC Bank -1.13 percent, ICICI Bank -1.07 percent) underperformed while PSU banks (SBI +0.86 percent) outperformed ahead of SBI Q1 FY27 results on Thursday. The crude oil price prediction for tomorrow for Thursday balances three catalysts: the weekly Nifty options expiry, SBI Q1 FY27 results and Brent crude at 78.44 US dollars. Brent crude extended its week-long decline to 78.44 US dollars on Wednesday as Qatar reported that mediators were making progress in narrowing Washington-Tehran differences. However, the Strait of Hormuz remained largely shut with another vessel attacked Wednesday while Trump said talks had begun and Iranian officials denied it — creating a fact gap that keeps 1-2 US dollars of risk premium in crude. The crude oil price prediction for tomorrow is the most binary of all commodity articles: Iran deal formal confirmation overnight would send Brent to 72-75 US dollars; any major Iranian reversal would push Brent back above 84 US dollars. ONGC Q1 FY27 results delivered a profit more than doubling to Rs 17,034 crore, but crude’s current direction is the forward-looking crude oil price prediction for tomorrow driver. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete crude oil price prediction for tomorrow.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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