<\/span><\/h2>The crude oil price prediction for tomorrow on 21 May 2026 is cautiously range-bound at Rs 9,424 to Rs 10,571 on MCX, with the June contract at Rs 10,095 recovering 0.68 per cent after the Trump Iran strike cancellation crashed crude 3.93 per cent on 19 May. Ankit Jaiswal’s crude oil price prediction for tomorrow identifies the absence of a formal Iran deal (base case) as the range-bound scenario. Thursday’s US PMI data will determine whether demand-side signals reinforce the recovery or add another layer of bearish pressure.<\/p>
Disclaimer: <\/strong>Investments in securities and commodities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered research analyst entity (Uniresearch Global Pvt Ltd, INH000012449). F&O and commodity trading involves significant risk. Consult a SEBI-registered advisor before investing.<\/em><\/p><\/span>FAQs<\/strong><\/span><\/h2><\/span>What is the crude oil price prediction for tomorrow on 21 May 2026?<\/strong><\/span><\/h3>Ans. The crude oil price prediction for tomorrow is cautiously range-bound,<\/strong> with MCX June crude at Rs 10,095 per barrel. MCX support is Rs 9,424 and resistance Rs 10,571. Trump’s Iran strike cancellation has partially reduced the war premium, but the Strait of Hormuz closure maintains structural supply disruption.<\/p><\/span>Why did crude oil fall on 19 May and recover on 20 May?<\/strong><\/span><\/h3>Ans. Crude fell 3.93 per cent on 19 May when Trump announced a pause in US military action against Iran,<\/strong> following appeals from Gulf allies Qatar, Saudi Arabia and the UAE. On 20 May, crude recovered 0.68 per cent as the market recalibrated: the strike is paused but not resolved, and the Strait of Hormuz remains largely closed, maintaining the structural supply premium.<\/p><\/span>What is the MCX crude oil support for tomorrow?<\/strong><\/span><\/h3>Ans. MCX crude oil support levels for the crude oil price prediction for tomorrow are Rs 9,424 (first) and Rs 8,819 (second).<\/strong> Resistance levels are Rs 10,571 and Rs 10,990. These levels are confirmed technical reference points on the MCX June contract.<\/p><\/span>Which Indian stocks benefit from lower crude oil prices?<\/strong><\/span><\/h3>Ans. The three biggest Indian beneficiaries from MCX crude below Rs 10,095 are IOC, BPCL and HPCL (OMCs),<\/strong> which see direct margin expansion from lower feedstock costs. IndiGo (aviation) benefits from lower ATF costs. ONGC and Oil India are mixed: lower crude reduces revenue but the royalty cut partially compensates in the crude oil price prediction for tomorrow.<\/p><\/span>What happens if a formal US-Iran nuclear deal is announced?<\/strong><\/span><\/h3>Ans. A formal US-Iran nuclear deal would allow 1 to 1.5 million barrels per day of Iranian crude to re-enter global markets,<\/strong> potentially crashing MCX crude toward Rs 8,500 to Rs 9,000 , below the Rs 8,819 major support , in the crude oil price prediction for tomorrow bear scenario. OMC stocks and aviation would rally sharply in this scenario.<\/p>","protected":false},"excerpt":{"rendered":"The crude oil price prediction for tomorrow on 21 May 2026 is cautiously range-bound, with MCX crude oil June futures recovering to Rs 10,095 per barrel on Wednesday, up Rs 68 or 0.68 per cent, after the sharp 3.93 per cent crash on 19 May when Trump cancelled the planned US military strike on Iran<\/p>\n","protected":false},"author":35,"featured_media":93123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3994],"class_list":["post-93121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-crude-oil-price"],"metadata":{"_edit_lock":["1779274896:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["24"],"rank_math_seo_score":["74"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Crude Oil Price Prediction for Tomorrow 21 May 2026 | MCX Rs 10,095 and Iran Update"],"rank_math_description":["Crude oil price prediction for tomorrow 21 May 2026: MCX crude Rs 10,095 (+0.68% recovery), Brent fell below $110 as Trump cancelled Iran strike. 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