Crude Oil Prices Set to Firm Up on US-Iran Tensions and Rising Brent Crude

Crude oil prices are expected to firm up on September 9, 2026, according to Univest's research desk. The current price of crude oil is Rs 8,905.00 per barrel on MCX, up 1.66% from the previous day.

The rise in crude oil prices can be attributed to escalating US-Iran tensions, which have kept supply-disruption fears elevated and lifted MCX crude oil futures over 1.6%. Brent crude has extended its rise toward the $97-$98 per barrel range, further contributing to the increase in crude oil prices.

Univest's analysts are tracking global cues closely for the crude oil price prediction for tomorrow, as commodity prices on MCX often move in step with international benchmarks and the US dollar index. This means that traders should be cautious and size their positions carefully given the current volatility backdrop.