{"id":215964,"date":"2026-08-23T07:00:00","date_gmt":"2026-08-23T01:30:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=215964"},"modified":"2026-08-21T16:32:10","modified_gmt":"2026-08-21T11:02:10","slug":"crude-oil-price-prediction-for-monday-24-august-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-prediction-for-monday-24-august-2026\/","title":{"rendered":"Crude Oil Price Prediction for Tomorrow: MCX Levels and Outlook for Monday 24 August 2026"},"content":{"rendered":"
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MCX Crude Oil at Rs 8,353\/bbl (+0.61%) on 18 Aug 2026. High: Rs 8,384. Low: Rs 8,224. Support: Rs 8,050 (Sep). Resistance: Rs 8,150-8,200.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The crude oil price prediction for Monday, Monday 24 August 2026, is bullish. MCX Crude Oil surged +0.61% to Rs 8,353\/bbl on 18 August driven by Iran-Strait of Hormuz supply fears. Critical note: today (21 August) is the LAST TRADING DAY for the MCX August crude contract; all positions must be rolled to September (Rs 8,097). Ankit Jaiswal places Sep contract support at Rs 8,050 and resistance at Rs 8,200 for the crude oil price prediction for Monday. Kunal Singla keeps a bullish bias while monitoring the rollover.<\/p>\n<\/div>\n

The crude oil price prediction for Monday carries a positive bias after MCX Crude Oil gained +0.61% to Rs 8,353\/bbl on 21 August. The near-month August contract (expiring today, 21 August) opened at Rs 8,271, hit a high of Rs 8,384, and settled at Rs 8,353. Ankit Jaiswal, Research Analyst at Univest, emphasises that today is the last trading day for the August contract, making rollover to the September contract (Rs 8,097) the primary operational priority in the crude oil price prediction for Monday.<\/p>\n

Kunal Singla, Research Analyst at Univest, observes that the crude oil price prediction for Monday is driven by the Iran-Strait of Hormuz supply standoff, which continues to underpin oil prices. The September contract at Rs 8,097 trades at a slight discount to August (Rs 8,353), a normal calendar spread. Despite the broader equity market weakness (Nifty +0.08%), Reliance Industries (+0.21%) and energy stocks held up, validating the bullish crude oil price prediction for Monday.<\/p>\n

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

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