Crude Oil Price Prediction for Tomorrow, 22 October 2026

This crude oil price prediction for tomorrow follows a Wednesday, 21 October 2026 session in which crude oil futures on MCX rose 1.82 percent and closed at almost the day's high of 9,488.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking crude oil price and global cues ahead of the session tomorrow, which falls on Thursday, 22 October 2026.

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What Wednesday Told Us

• Crude Oil traded at Rs 9,480.00 per barrel, up 1.82 percent on the 19 November 2026 futures, with a high of 9,488.00 and a low of 9,335.00.
• Nifty 50 fell 0.34 percent.
• India VIX rose 6.16 percent to 15.68.

Crude Oil Price Prediction for Tomorrow: Key Levels

Crude Oil (19 November 2026 futures) traded between 9,335.00 and 9,488.00 on Wednesday, against a previous close of 9,311.00, and settled at 9,480.00. On the downside, 9,335.00 and 9,311.00 are the first reference levels to watch if the day's move is tested. On the upside, 9,488.00 marks the nearest resistance. Univest's analysts treat these as reference points drawn from Wednesday's trading range, not as targets.

Trend	Support	Resistance
Positive	9,335.00, 9,311.00	9,488.00

MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 19 November 2026 contract.

For traders, this 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 Tomorrow

• Crude oil rose 1.82 percent on the MCX 19 November contract, with a high of 9,488.00 and a low of 9,335.00.
• The price closed within 8 rupees of the high, so buyers held control through the session.
• India imports most of its crude, so higher oil prices usually raise pressure on inflation and the rupee.

Anyone following this crude oil price prediction for tomorrow should keep the next session's opening range in view before reading too much into early moves.

What to Watch Alongside Crude Oil

Reliance Industries and Oil and Natural Gas Corporation are the large-cap stocks most often linked to crude moves. Reliance rose 0.58 percent and ONGC rose 0.28 percent on Wednesday, in line with firmer crude.

How Wednesday's Broader Session Unfolded

The Nifty 50 closed at 22,811.35, down 0.34 percent, with a high of 23,120.90 and a low of 22,649.90. The Sensex closed at 73,709.69, down 0.19 percent, and the Bank Nifty closed at 54,976.90, down 0.92 percent. India VIX, the market's fear gauge, rose 6.16 percent to 15.68, which points to wider expected swings in the near term. Wednesday was the first session after Tuesday's Dussehra holiday and followed Monday's 1.11 percent fall. The Nifty 50 recovered from an intraday low of 22,649.90, with Nifty IT up 2.88 percent offsetting falls of 1.71 percent in Nifty Metal and 1.54 percent in Nifty Auto. The trigger for the broad move was not independently confirmed.

Univest's analysts suggest treating this crude oil price prediction for tomorrow as a preparation note for Thursday, 22 October 2026, rather than a signal that changes overnight.

Analyst View for Tomorrow

Kunal Singla suggests that crude can stay firm while it holds above 9,335, with 9,488 the level to clear.

Ankit Jaiswal flags that a rise of nearly 2 percent in one session is large, so a pullback toward 9,311 is possible if buyers tire.

This crude oil price prediction for tomorrow will be most useful when read alongside the support and resistance table above.

Why This Is Written for Tomorrow

This crude oil price prediction for tomorrow is written after the close on Wednesday, 21 October 2026, using Wednesday's closing data, for the next trading session on Thursday, 22 October 2026. Treat it as a briefing to prepare for that session, not a live call that updates through the evening.

MCX futures trade into Wednesday night, so global moves late on Wednesday can shift Thursday's opening price.

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.

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Risks to This Prediction

• A reversal in global crude overnight could erase Wednesday's gain.
• Supply headlines from major producers can gap crude sharply at the open.
• Thin volumes early Thursday can exaggerate short-term moves.

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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The crude oil price prediction for tomorrow also depends on India VIX, so a fresh rise in volatility would weaken the case made here.

Conclusion

The crude oil price prediction for tomorrow leans constructive into 22 October 2026, with global cues and the US Dollar Index 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 constructive for 22 October 2026, after Crude Oil traded at Rs 9,480.00 per barrel on Wednesday, up 1.82 percent.

Why is this a prediction for tomorrow, 22 October 2026?

Ans. Because it is written after the close on Wednesday, 21 October 2026, for the next regular trading session on Thursday, 22 October 2026.

Why did crude oil rise on Wednesday?

Ans. Crude oil rose 1.82 percent on the MCX 19 November contract. The specific trigger was not independently confirmed.

How does crude oil affect Indian stocks?

Ans. Higher crude raises import costs and inflation concerns, which tends to pressure oil marketing companies, paints and aviation, while upstream producers can benefit.

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.