World oil prices have experienced significant fluctuations in recent months, caused by various interrelated factors. Recent analysis shows that the geopolitical crisis, changes in demand and OPEC policies play an important role in global oil price movements. One key factor is geopolitical tensions in the Middle East. Tensions between oil-producing countries and reduced production due to sanctions have created uncertainty in supply. For example, sanctions against Iran and Venezuela have led to reduced volumes of oil entering world markets, thereby increasing prices. Oil demand is also changing as the economy recovers post-pandemic. Large countries such as China and the United States are showing signs of increasing energy consumption. With the recovery of industry and transportation, demand for oil is increasing, pushing prices up. According to a report from the International Energy Agency (IEA), global demand is expected to reach its highest level in the last decade. The policies of OPEC and its allied countries (OPEC+) also contribute to oil price dynamics. Amid demand recovery, OPEC+ decided to extend production cuts to support prices. By reducing the amount of supply on the market, OPEC+ is trying to maintain price stability, which continues to fluctuate. This decision could have a domino effect, where non-OPEC oil producing countries will also respond by adjusting their production. Apart from that, the energy transition is also an important factor. Global society is increasingly turning to renewable energy, which affects the long-term outlook for oil prices. Investments in clean technologies and carbon emission reduction policies can change the way energy is consumed and produced. Currency exchange rate fluctuations also affect oil prices. When the US dollar strengthens, oil prices in other currencies become more expensive, potentially reducing demand. Conversely, if the dollar weakens, oil prices could become more attractive to international buyers. Market analysts predict that oil prices may continue to fluctuate in the near future due to variations in demand, supply and policies. A recent report suggests that Brent oil prices could reach $90 per barrel in the next few months if geopolitical conditions stabilize and demand recovery continues. By considering the factors above, investors and consumers need to continue to follow the latest developments. Accurate market information will help them make better decisions. Global oil price trends are very important not only for the energy sector, but also for the global economy as a whole.