Global oil prices fluctuate based on various factors, including supply and demand, geopolitics, and energy policy. Recent trends show increasing uncertainty in the world oil market, influenced by a number of key factors that are attracting the attention of analysts and investors. One of the main factors is the recovery after the COVID-19 pandemic. As social restrictions are relaxed, global energy demand is increasing, especially in developing countries. For example, countries such as India and China experienced significant spikes in oil consumption, which contributed to strengthening oil prices. However, with rising demand comes concerns about how far OPEC and its allies (OPEC+) can control production to balance the market. On the other hand, geopolitical conflicts, especially in the Middle East, have a major impact on oil price stability. Crises in oil-producing countries, such as Libya and Iran, often cause price spikes. International sanctions against certain countries could also disrupt global supply, potentially pushing prices higher. Additionally, tensions between the United States and other oil-producing countries influence prices through speculation in the market. Technical analysis shows that oil prices are currently in a consolidation phase. The chart trend shows that the price has reached a certain resistance level, where the market is struggling to break upwards. If the price passes this level, there will likely be a further spike. However, if it fails, a price drop may occur. Indicators such as Moving Average and Relative Strength Index (RSI) can be used to evaluate current price momentum. Recent developments in green energy policies are also affecting the oil market. Many countries are committed to reducing dependence on fossil fuels and investing in renewable energy. This switch could reduce long-term demand, although the impact may not yet be fully visible in current prices. Market players should consider these factors when forecasting future oil prices. Evaluating supply and demand reports, including data from the International Energy Agency (IEA) and the US Energy Information Administration (EIA), provides valuable insights. Weekly reports on crude oil inventories can greatly influence market sentiment. If inventory falls more than expected, this often causes a price spike, whereas an increase in inventory can lead to a downturn. Macroeconomic aspects also cannot be ignored. Inflation and global economic growth have a significant impact on oil demand. Rising inflation can cause central banks to raise interest rates, potentially slowing economic growth. In such a scenario, oil demand may decline. In addition, winter trends in the northern hemisphere play a role, where oil consumption for heating usually increases. Predictions of colder than expected weather could increase demand further, causing price spikes. Overall, the current dynamics of global oil prices are influenced by a combination of interrelated factors. Market watchers need to stay alert to changing trends and new information as it emerges, so they can make more informed investment decisions.