In recent months, world oil prices have experienced significant fluctuations, influenced by various complex global factors. First, geopolitical tensions, especially conflicts between oil-producing countries, such as tensions in the Middle East, have caused concerns about global oil supplies. For example, tensions in Iran and Saudi Arabia have a direct impact on market sentiment, with investors worried about disruptions in shipping. In addition, OPEC+ policies play an important role in the development of oil prices. At its latest meeting, OPEC+ agreed to cut production to maintain oil prices. This decision was made after seeing a decline in demand from major consumer countries, such as China. This decline was caused by the economic slowdown and zero-COVID policy measures that impacted the transportation and manufacturing industries. From the demand side, the post-pandemic economic recovery does not appear to be as strong as expected. Although there are signs of recovery in some countries, such as the US and European countries, overall energy demand remains below expectations. The automotive industry, one of the drivers of oil demand, is also adapting quickly, switching to greener electric vehicles. High inflation and rising interest rates have also affected consumer purchasing power, resulting in reduced fuel consumption. Analysts note that Brent crude oil prices have fluctuated between $90 and $100 per barrel, reflecting this uncertainty. With reports of inflation in the US continuing to rise, markets are starting to speculate that the Federal Reserve may raise interest rates even higher, potentially slowing economic growth and, in turn, reducing energy demand. On the other hand, innovations in renewable energy technologies are increasingly changing the global energy landscape. Although the oil market remains dominant, increasing investment in green energy is a major concern for industry players. This could potentially lead to long-term changes in oil demand, which would redefine prices in the coming years. Determination of oil prices in the commodity market also depends on global oil inventory statistics. The weekly report from the Energy Information Administration (EIA) showed that US oil stocks decreased, which should support prices. However, the market remains alert to broader macroeconomic news and the impact of changes in demand due to industrial restructuring. Overall, the dynamics of the world oil market are currently influenced by a series of interrelated factors, ranging from global economic conditions, changes in production policies, to technological innovation. Analysts continue to monitor these developments, seeking to reflect price movements that could impact the energy sector and the global economy as a whole.