Crude Oil Price Prediction Firming Up Ahead of Tomorrow's Session
The crude oil price prediction for tomorrow is in focus as Brent crude climbed toward the 97 to 100 dollar a barrel range, lifting MCX crude oil futures. The current price of crude oil on MCX stands at Rs 8,647.00 per barrel on the 21 September 2026 futures, up 0.8 percent from the previous day.
According to Univest's research desk, led by Ankit Jaiswal and Kunal Singla, global cues are closely being tracked for any potential impact on crude oil prices. This is because commodity prices on MCX often move in step with international benchmarks and the US dollar index.
The key drivers for tomorrow's session include Brent crude prices, US treasury yields, and movement in the US Dollar Index. The latter has an inverse relationship with metal and bullion prices on MCX. Reliance Industries and Oil and Natural Gas Corporation are two stocks that are directly linked to this crude oil price prediction.
However, a sharp reversal in crude oil prices could change the direction implied by this prediction, and traders should size their positions carefully given the current volatility backdrop. The US Federal Reserve's commentary could also move the US Dollar Index and, in turn, MCX prices, making it essential to track these developments.