Crude Oil Price Prediction for Tomorrow, 12 November 2026

This crude oil price prediction for tomorrow follows a Wednesday, 11 November 2026 session in which crude oil futures on MCX rose 1.01 percent to Rs 8,178.00 per barrel on the 19 November contract, against a previous settlement of 8,096, and traded 10 rupees below the high of 8,188.

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

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What Wednesday Told Us

• Crude oil rose 1.01 percent to Rs 8,178.00 per barrel on the 19 November 2026 futures contract, with a high of 8,188.00 and a low of 8,043.00.
• Nifty 50 rose 0.84 percent to 25,255.05.
• India VIX rose 0.92 percent to 17.58.
• Most active among the stocks Univest tracked: HDFC Bank (about 56.4 million shares), ICICI Bank (about 29.2 million) and ONGC (about 26.3 million).

Crude Oil Price Prediction for Tomorrow: Key Levels

Crude oil (19 November 2026 futures) traded between 8,043.00 and 8,188.00 on Wednesday, opened at 8,132.00, against a previous settlement of 8,096.00, and was at 8,178.00 when the data was pulled. On the downside, 8,132.00, 8,096.00 and 8,043.00 are the first reference levels to watch if the day's move is tested. On the upside, 8,188.00 marks the nearest resistance. Univest's analysts treat these as reference points drawn from Wednesday's trading range, not as targets.

Trend	Support	Resistance
Neutral	8,132.00, 8,096.00, 8,043.00	8,188.00

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 8,096.00.

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 Thursday

• Crude oil rose 1.01 percent from a previous settlement of 8,096.00 and traded above its open of 8,132.00.
• The 19 November contract is close to expiry, and the 18 December contract was at 8,117.00, up 1.16 percent, 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 Thursday'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.

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 mildly positive: ONGC rose 0.56 percent to Rs 234.80 and Reliance Industries rose 0.83 percent to Rs 1,335.40. Natural gas also rose, gaining 0.97 percent, so both energy contracts moved the same way.

In short, the crude oil price prediction for tomorrow rests on Wednesday'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 Wednesday's Broader Session Unfolded

The Nifty 50 closed at 25,255.05 on Wednesday, up 0.84 percent from Monday's close of 25,044.65, in the first regular session after Tuesday's Diwali Balipratipada holiday. It opened with a gap-up at 25,337.80, touched a high of 25,424.35, dipped to 25,095.35 and finished about 169 points below the high. The Sensex closed at 81,879.40, up 0.95 percent, while the Bank Nifty closed at 60,792.40, up 1.76 percent, about 602 points below its high of 61,394.30. Nifty Next 50 rose 0.96 percent, Nifty Midcap 50 rose 0.93 percent and the Nifty 500 rose 0.90 percent, so the rise was broad rather than limited to the heavyweights. Nifty PSU Bank jumped 2.94 percent and Nifty Auto rose 2.14 percent, while Nifty IT fell 0.53 percent and Nifty Pharma fell 0.41 percent. India VIX, the market's fear gauge, rose 0.92 percent to 17.58 from 17.42, after trading between 15.64 and 17.83 during the day. In the options market, the Nifty put-call ratio was approximately 0.77, 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 Wednesday's moves was not independently confirmed.

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

Analyst View for Thursday

Kunal Singla suggests that crude oil can hold above 8,132, the open, while 8,188 is the first resistance.

Ankit Jaiswal flags that the contract is close to expiry, so rolls into December can distort prices, and the December contract at 8,117 is the one to compare.

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 Wednesday's data sets the context, while Thursday'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 Wednesday, 11 November 2026, after the close, using today's closing data, for the next regular trading session tomorrow, Thursday, 12 November 2026. NSE and BSE reopened today after Tuesday's closure for Diwali Balipratipada, and tomorrow is a regular session with no exchange holiday.

Because the equity market is shut for the day, the crude oil price prediction for tomorrow relies on Wednesday'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 below the open of 8,132 would weaken the gain.
• Because the 19 November contract nears expiry, thin positions can exaggerate moves around the roll to December.
• Supply news overnight can gap MCX prices in either direction.

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

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

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Conclusion

The crude oil price prediction for tomorrow leans balanced into 12 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 Thursday'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 balanced for 12 November 2026, after Crude oil rose 1.01 percent to Rs 8,178.00 per barrel on Wednesday.

Why is this a prediction for tomorrow, 12 November 2026?

Ans. Because this note is published on Wednesday, 11 November 2026, after the close, and the next regular trading session is tomorrow, Thursday, 12 November 2026. There is no exchange holiday on that date.

Why did crude oil rose on Wednesday?

Ans. Crude oil rose 1.01 percent to Rs 8,178.00 per barrel. The specific reason was not independently confirmed.

What levels matter for crude oil tomorrow?

Ans. Support sits near 8,132.00, 8,096.00 and 8,043.00. Resistance sits near 8,188.00.

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.