Crude Oil Price Prediction for Tomorrow, 11 November 2026

This crude oil price prediction for tomorrow follows a Monday, 9 November 2026 session in which crude oil futures on MCX settled at Rs 8,229.00 per barrel on the 19 November contract, 4.02 percent below the open of 8,574, after trading as high as 8,593 and as low as 8,088.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking global cues and currency moves ahead of the market reopening. Indian equity markets are closed today, Tuesday, 10 November 2026, for Diwali Balipratipada, so Monday's close is the latest data available.

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What Monday Told Us

• Crude oil settled at Rs 8,229.00 per barrel on the 19 November 2026 futures contract, with a high of 8,593.00 and a low of 8,088.00.
• Nifty 50 rose 0.23 percent to 25,044.65, measured against Sunday's Muhurat session close.
• India VIX fell 5.48 percent to 17.42.
• Most active among the stocks Univest tracked: HDFC Bank (about 64.8 million shares), Zee Entertainment (about 44.8 million) and ICICI Bank (about 27.5 million).

Crude Oil Price Prediction for Tomorrow: Key Levels

Crude oil (19 November 2026 futures) traded between 8,088.00 and 8,593.00 on Monday, opened at 8,574.00 and settled at 8,229.00. On the downside, 8,088.00 is the first reference level to watch if the day's move is tested. On the upside, 8,574.00 and 8,593.00 mark the nearest resistance. Univest's analysts treat these as reference points drawn from Monday's trading range, not as targets.

Trend	Support	Resistance
Negative	8,088.00	8,574.00, 8,593.00

MCX contracts keep trading into the evening, so the settlement can differ from the live price. The levels here use the 19 November 2026 futures contract, and the open of 8,574.00 is read as resistance because crude oil settled below it.

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

Key Drivers for Wednesday

• Crude oil settled 4.02 percent below its open of 8,574.00, the sharpest fall among the MCX contracts Univest tracked.
• The 19 November contract is close to expiry, and the 18 December contract settled lower at 8,169.00, so the next contract is also in play.
• Global supply headlines and the rupee-dollar rate, which both feed into MCX crude prices.

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

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

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

What to Watch Alongside Crude Oil

Energy-linked shares were mixed on Monday: ONGC fell 0.55 percent to Rs 233.50, while Reliance Industries edged up 0.03 percent to Rs 1,324.40. Natural gas moved the other way, settling 5.62 percent above its open, so the two energy contracts did not move together.

In short, the crude oil price prediction for tomorrow rests on Monday's verified close and the holiday-gap risks listed below.

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

How Monday's Broader Session Unfolded

The Nifty 50 closed at 25,044.65 on Monday, up 0.23 percent from Sunday's Muhurat close of 24,986.40 and about 14 points above Friday's regular close of 25,030.35. It opened at 25,076.40, slipped to a low of 24,838.75 and recovered about 206 points to finish roughly 39 points below the day's high of 25,084.05. The Sensex closed at 81,106.65, up 0.13 percent, while the Bank Nifty closed at 59,741.25, up 1.51 percent, at the high of the day. Nifty Next 50 rose 1.11 percent, Nifty Midcap 50 rose 0.53 percent and the Nifty 500 rose 0.33 percent, so the rise reached beyond the index heavyweights. Nifty PSU Bank jumped 3.73 percent and Nifty Pharma rose 1.65 percent, while Nifty IT fell 1.22 percent and Nifty Metal fell 0.46 percent. India VIX, the market's fear gauge, fell 5.48 percent to 17.42 from 18.43, a sign that traders priced in smaller swings by the close than at the open. NSE's holiday calendar shows equity trading is closed on Tuesday, 10 November 2026, for Diwali Balipratipada, and resumes on Wednesday, 11 November. The trigger for Monday's moves was not independently confirmed.

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

Analyst View for Wednesday

Kunal Singla suggests that crude oil needs to hold above 8,088, the low, and a move back toward the open of 8,574 would be the first sign of stabilisation.

Ankit Jaiswal flags that a 4 percent slide inside one session often brings a sharp bounce or a further leg lower, so the first hour on MCX matters more than usual.

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

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

Why This Is Written for Tomorrow

This crude oil price prediction for tomorrow is written on Tuesday, 10 November 2026, using the latest closing data from Monday, 9 November 2026, for the next regular trading session tomorrow, Wednesday, 11 November 2026. NSE and BSE are closed today for Diwali Balipratipada, so there is no fresh equity close between Monday and Wednesday's open. A special Muhurat session ran on Sunday, 8 November from 2:20 PM to 3:30 PM, and the change figures here are measured against its close.

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

MCX contracts keep trading into the evening, so prices at the time you read this can differ from the settlement figures above. The levels use the 19 November 2026 futures contract.

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Risks to This Prediction

• A rebound in global crude could lift the contract back toward the open of 8,574.
• Because the 19 November contract nears expiry, thin positions can exaggerate moves around the roll to December.
• Supply news during the holiday can gap MCX evening prices in either direction.

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

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

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Conclusion

The crude oil price prediction for tomorrow leans cautious into 11 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 Wednesday'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 tomorrow?

Ans. It is cautious for 11 November 2026, after Crude oil settled at Rs 8,229.00 per barrel, 4.02 percent below its open on Monday.

Why is this a prediction for tomorrow, 11 November 2026?

Ans. Because this note is published on Tuesday, 10 November 2026, and the next regular trading session is tomorrow, Wednesday, 11 November 2026. Indian equity markets are closed today for Diwali Balipratipada, so the latest closing data is from Monday, 9 November 2026.

Why did crude oil settle lower than its open on Monday?

Ans. Crude oil settled at Rs 8,229.00 per barrel on Monday, 4.02 percent below its open. The specific reason was not independently confirmed.

What levels matter for crude oil tomorrow?

Ans. Support sits near 8,088.00. Resistance sits near 8,574.00 and 8,593.00.

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.