Energy Commodity Prices Show Mixed Movement Amid Geopolitical Tensions

Market Dynamics and Price Movements

The energy commodity market witnessed varied price movements as traders responded to a combination of geopolitical developments and seasonal demand factors. On Friday, November 21, 2025, at 19:25 WIB, WTI crude oil prices declined by 0.98% to $58.42 per barrel, while natural gas prices showed resilience with a 1.37% increase to $4.53 per MMBtu.

Factors Influencing Price Movements

According to Sutopo Widodo, President Commissioner of HFX International Berjangka, the decline in oil prices was primarily driven by increasing expectations of higher global supply. The potential peace negotiations between Ukraine and Russia were cited as a key factor, as any easing of sanctions on Russia could lead to a significant increase in global oil supply, potentially resulting in an oversupply situation.

Market Outlook

The mixed movement in energy commodity prices reflects the complex interplay between geopolitical tensions and market fundamentals. While oil prices faced downward pressure due to potential supply increases, natural gas prices benefited from different market dynamics. The ongoing developments in global energy markets continue to be closely watched by traders and analysts.