Crude Oil Price Prediction for Monday, 16 November 2026

This crude oil price prediction for Monday follows a Friday, 13 November 2026 session in which crude oil futures on MCX rose 0.07 percent to Rs 8,306.00 per barrel on the 19 November contract, against a previous settlement of 8,300.00, inside a range of 126.00 rupees.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking global cues and currency moves ahead of Monday's session, the next regular trading day after Friday's close.

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What Friday Told Us

• Crude oil rose 0.07 percent to Rs 8,306.00 per barrel on the 19 November 2026 futures contract, with a high of 8,417.00 and a low of 8,291.00.
• Nifty 50 fell 0.61 percent to 25,144.30.
• India VIX fell 5.05 percent to 15.78.
• Most active among the stocks Univest tracked: Zee Entertainment (about 47.5 million shares), HDFC Bank (about 23.4 million) and Reliance Industries (about 13.8 million).

Crude Oil Price Prediction for Monday: Key Levels

Crude oil (19 November 2026 futures) traded between 8,291.00 and 8,417.00 on Friday, opened at 8,299.00, against a previous settlement of 8,300.00, and was at 8,306.00 when the data was pulled. On the downside, 8,300.00, 8,299.00 and 8,291.00 are the first reference levels to watch if the day's move is tested. On the upside, 8,417.00 marks the nearest resistance. Univest's analysts treat these as reference points drawn from Friday's trading range, not as targets.

Trend	Support	Resistance
Neutral	8,300.00, 8,299.00, 8,291.00	8,417.00

MCX contracts keep trading into the evening, so the live price can differ from these figures. The levels here use the 19 November 2026 futures contract and its previous settlement of 8,300.00.

For traders, the crude oil price prediction for Monday is a framework for planning risk, with position size and stop levels left to the individual.

Key Drivers for Monday

• Crude oil rose 0.07 percent from a previous settlement of 8,300.00 and traded above its open of 8,299.00.
• The 19 November contract is close to expiry, and the 18 December contract was at 8,244.00, up 0.10 percent, so the next contract also edged higher.
• Global supply headlines and the rupee-dollar rate remain the usual external drivers for MCX prices.

Ankit Jaiswal and Kunal Singla flag the first half hour of Monday's trade as the point to revisit this crude oil price prediction for Monday.

Anyone following the crude oil price prediction for Monday should keep the opening range in view before reading too much into early moves.

Nothing in this crude oil price prediction for Monday is a promise of returns, and every level quoted can fail.

What to Watch Alongside Crude Oil

Energy-linked shares were mixed: ONGC rose 0.22 percent to Rs 225.00, while Reliance Industries closed unchanged at Rs 1,339.70. Natural gas fell 1.37 percent, so the two energy contracts moved in opposite directions.

In short, the crude oil price prediction for Monday rests on Friday's verified prices and the overnight risks listed below.

These are educational views, not buy calls, and each should be checked against your own risk plan before acting.

How Friday's Broader Session Unfolded

The Nifty 50 closed at 25,144.30 on Friday, down 0.61 percent from Thursday's close of 25,299.35. It opened at 25,209.85, touched a high of 25,246.35, fell to 25,054.40 and finished about 90 points above the low. The Sensex closed at 81,592.45, down 0.39 percent, while the Bank Nifty closed at 61,034.10, down 0.79 percent, after opening at its high of 61,300.55. Nifty Next 50 fell 0.83 percent and the Nifty 500 fell 0.55 percent, while Nifty Midcap 50 was almost flat, down 0.04 percent, so mid-caps held up better than the large-cap benchmark. Nifty Auto fell 1.07 percent and Nifty Metal fell 0.98 percent, while Nifty FMCG was almost flat, down 0.01 percent, and Nifty PSU Bank fell 0.51 percent. India VIX, the market's fear gauge, fell 5.05 percent to 15.78 from 16.62, after trading between 15.30 and 16.88 during the day. In the options market, the Nifty put-call ratio was approximately 0.83, with call open interest highest at the 25,500 strike and put open interest highest at 25,000, for the 17 November expiry. The trigger for Friday's moves was not independently confirmed.

Placed against that backdrop, the crude oil price prediction for Monday reads Friday's move in the context of a broader market that closed lower.

Analyst View for Monday

Kunal Singla suggests that crude oil can hold above 8,300.00, the previous settlement, with 8,417.00 the first resistance.

Ankit Jaiswal flags that a move above 8,417, the high, would signal fresh strength, while 8,291, the low, is the support to hold

Both analysts stress that the crude oil price prediction for Monday is a view built on levels and data, not a forecast of returns.

A fair reading of this crude oil price prediction for Monday is that Friday's data sets the context, while Monday's first hour decides how much of it carries forward.

Why This Is Written for Monday

This crude oil price prediction for Monday is written on Friday, 13 November 2026, after the close, using today's closing data, for the next regular trading session on Monday, 16 November 2026. NSE and BSE traded as normal today, Saturday and Sunday are non-trading days, and Monday is a regular session with no exchange holiday.

Because the equity market is shut for the day, the crude oil price prediction for Monday relies on Friday's close rather than any live price.

MCX contracts were still trading when the data was pulled at 3:39 PM IST and keep trading into the evening, so prices at the time you read this can differ from the figures above. The levels use the 19 November 2026 futures contract.

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Risks to This Prediction

• A fall back below the previous settlement of 8,300.00 would erase the gain.
• Because the 19 November contract nears expiry, thin positions can exaggerate moves around the roll to December.
• Supply news over the weekend can gap MCX prices in either direction on Monday.

Readers comparing views should note that this crude oil price prediction for Monday draws only on Friday's closing numbers and the factors listed here.

As with any crude oil price prediction for Monday, the opening minutes of Monday's trade will confirm or challenge the levels discussed here.

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Conclusion

The crude oil price prediction for Monday leans balanced into 16 November 2026, with global supply headlines and the rupee-dollar rate as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday's opening trade confirms direction.

Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.

Frequently Asked Questions

What is the crude oil price prediction for Monday?

Ans. It is balanced for 16 November 2026, after Crude oil rose 0.07 percent to Rs 8,306.00 per barrel on Friday.

Why is this a prediction for Monday, 16 November 2026?

Ans. Because this note is published on Friday, 13 November 2026, after the close, and the next regular trading session is Monday, 16 November 2026. Saturday and Sunday are non-trading days, and there is no exchange holiday on Monday.

Why did crude oil rose on Friday?

Ans. Crude oil rose 0.07 percent to Rs 8,306.00 per barrel. The specific reason was not independently confirmed.

What levels matter for crude oil on Monday?

Ans. Support sits near 8,300.00, 8,299.00 and 8,291.00. Resistance sits near 8,417.00.

Is this a buy or sell call?

Ans. No. This is an educational outlook from Univest's research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.