Recent developments in world oil prices show significant fluctuations, influenced by various geopolitical and global economic factors. First, OPEC+’s decision to cut oil production had a major impact on prices. This committee, made up of major oil producing countries, seeks to maintain market balance by reducing supply, thereby pushing prices up. Second, geopolitical conflicts, especially those involving oil-producing countries such as Russia and countries in the Middle East, also influence the market. For example, sanctions against Russia due to its invasion of Ukraine hampered oil supplies from that country, thereby creating uncertainty in the global energy market. This contributes to oil price spikes, often testing psychological boundaries such as $100 per barrel. Furthermore, fuel demand due to economic recovery after the COVID-19 pandemic also plays an important role. Major countries such as the United States and China are showing increased energy consumption, increasing pressure on oil supplies. In its latest report, the International Energy Agency (IEA) estimates that global oil demand could peak in the next few years, which would encourage investment in the energy sector. On the technological side, innovations in renewable energy and fuel efficiency are also influencing shifts in demand. Although there is a push to transform to green energy, this transition does not happen overnight, so oil remains the dominant energy source in the short term. Analysis of Brent and WTI oil price data shows high volatility in recent months. For example, the price of Brent oil touched a high of $95 per barrel, but was corrected due to reports of an increase in US crude oil stocks. The market follows these movements closely, watching indicators such as Crude Oil Inventories and API Reports that influence trading decisions. Uncertainty regarding monetary policy also has an impact. With the US Federal Reserve raising interest rates to tackle inflation, borrowing costs are increasing. This has the potential to suppress economic growth and, in turn, future energy demand. Meanwhile, the weekly report from the American Petroleum Institute (API) shows a decline in crude oil stocks, which often provides a positive boost to prices. There are also signs of oil drilling activity in the US, but it is not yet optimal in meeting global demand. Based on current trends, analysts predict that oil prices will remain volatile, with the potential to jump back to high areas if supply disruptions occur or if global demand continues to increase. Investors and market players are expected to continue to monitor these factors in making informed decisions. Considering all these aspects, a deep understanding of the world oil market becomes very important. Analysts must be careful in following the latest developments in terms of production, demand and macroeconomic conditions that underlie price changes.