Global oil prices continue to fluctuate, influenced by various economic, political and environmental factors. Recent trends show significant dynamics in oil prices, with direct impacts on energy markets and the global economy. Data shows that crude oil prices are experiencing a spike due to geopolitical tensions, reduced supply from major oil producing countries, and increased demand post-pandemic. Geopolitical factors such as conflicts in the Middle East and sanctions against oil-producing countries, such as Russia, are the main drivers of price increases. These tensions disrupted supply and created concerns among investors, pushing WTI and Brent oil prices higher. Apart from that, uncertainty regarding OPEC+ policy also influences price fluctuations. If OPEC+ decides to cut production to control supply, oil prices could soar higher. Demand is also increasing with the global economic recovery. Large countries such as the United States and China, which are the world’s largest oil consumers, have increased their industrial activity, leading to greater energy demand. The increase in mobility and recovery of the transportation sector this year greatly contributed to the increase in fuel use. Additionally, the shift towards renewable energy and efforts to reduce carbon emissions will continue to influence the oil market. Although short-term demand for oil remains high, the policy shift towards green energy poses challenges for the oil industry in the long term. This could lead to uncertainty about the future direction of oil prices. Another aspect is inflation and currency exchange rate fluctuations. When inflation increases, commodity prices including oil also tend to rise. The influence of the US dollar as the main currency in oil trading means that exchange rate fluctuations play a role in global prices. Investors operating in multiple currencies need to consider the effects of exchange rates, which can have a significant impact on profit margins. Investors and market analysts follow key indicators to predict oil price movements. Reports such as US Oil Inventories, demand data from the International Energy Agency (IEA), and OPEC reports are important references. Each report provides insight into supply and demand trends. Global society is faced with the challenge of increasing energy costs. The increase in oil prices has an impact on the prices of goods and services, creating inflationary pressures in many countries. Likewise, government policies in various countries take steps to stabilize prices, such as subsidies or price regulation. With so many factors influencing each other, a deep understanding of the latest trends in global oil prices is crucial for market players, policy makers and energy consumers. Regular monitoring of these changes is expected to support better decision making in dealing with oil market uncertainty in the future.