return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Commodities
    /
  5. Commodity Market Updates, December 3: Crude oil, Zinc, Copper, Aluminium futures surge

Market News

Commodity Market Updates, December 3: Crude oil, Zinc, Copper, Aluminium futures surge

Upstox
By Upstox News Desk

2 min read | Updated on December 03, 2025, 13:55 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

On the Multi-Commodity Exchange, crude oil for January delivery advanced by ₹23, or 0.43%, to ₹5,330 per barrel. Meanwhile, zinc contracts for January delivery traded higher by ₹2 or 0.66% to ₹305 per kilogram.

commodity market, mcx, market

Globally, West Texas Intermediate crude oil was trading 0.10% higher at $58.71 per barrel. | Image: Shutterstock

Commodity market: Crude oil futures advanced on the Multi-Commodity Exchange. Similarly, prices of industrial metals, including aluminium, zinc and copper, also increased on Wednesday.
Open FREE Demat Account within minutes!
Join now
Here is how different commodity futures were trading on December 3.

Crude oil futures

Crude oil futures on Wednesday, December 3, surged by ₹23 or 0.43% to ₹5,330 per barrel, slipping for the second straight session, as US-Russia diplomatic talks failed to deliver a breakthrough on the Ukraine peace deal.

On the Multi-Commodity Exchange (MCX), crude oil for January delivery advanced by ₹23, or 0.43%, to ₹5,330 per barrel in 2,464 lots.

Globally, West Texas Intermediate crude oil was trading 0.10% higher at $58.71 per barrel, while Brent Crude rose 0.10% to $62.50 per barrel in New York.

Furthermore, the Organisation of Petroleum Exporting Countries and its allies (OPEC+) confirmed its plan to pause supply for the first quarter or the first three-months of FY26. The decision was first announced at the beginning of the month.

Investors also assessed the risks of the mounting US-Venezuela tensions.

Zinc futures

Zinc prices rose by ₹2 to ₹305 per kilogram in futures trade amid a pick-up in spot demand.

On the MCX, zinc contracts for January delivery traded higher by ₹2 or 0.66% to ₹305 per kilogram with a business turnover of 626 lots.

Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries, kept zinc prices higher in the futures trade.

Aluminium futures

Aluminium prices increased by ₹2.10 to ₹278.25 per kilogram in the futures trade as speculators built up fresh positions amid a positive trend in the spot market.

On the MCX, aluminium for delivery in January advanced by ₹2.10 or 0.76% to ₹278.25 per kg in 2,988 lots.

Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

Copper futures

Copper futures advanced 0.54% to ₹1,060.80 per kilogram due to higher spot demand.

On the MCX, copper contracts for January delivery grew by ₹5.70 or 0.54% to ₹1,060.80 per kg in a business turnover of 1,373 lots.

Analysts attributed the rise in copper prices to higher bets by participants.

With inputs from PTI
To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story