Crude oil prices continue to fluctuate in line with global market dynamics. In recent months, there have been several key factors that have influenced price movements. One of the main factors is economic recovery after the COVID-19 pandemic. As countries begin to reopen economic activities, demand for oil is increasing. The International Energy Agency (IEA) predicts that global oil demand will continue to increase along with the growth of industry and transportation. Apart from demand, geopolitical conditions also play an important role in determining prices. Tensions in the Middle East, especially related to Iran and Saudi Arabia, are always in the spotlight. This situation has the potential to strain oil supplies on the global market. For example, sanctions against Iran have reduced the country’s oil exports, pushing up world oil prices. OPEC+ also plays a crucial role in the oil market. This alliance, made up of major oil-producing countries, regularly meets to decide on production quotas. The production cut policy implemented in recent years to stabilize oil prices is starting to feel its impact. However, OPEC+ is also faced with challenges, such as increasing oil production from non-OPEC countries, including the United States, which relies heavily on fracking technology to increase production. Technological developments and the energy transition to cleaner sources also have an impact. Investment in renewable energy is increasing, which has an impact on the long-term outlook for crude oil. While demand remains high currently, there are concerns that the shift towards green energy could impact oil prices in the future. Oil prices are also influenced by weather changes. A colder-than-expected winter could increase heating demand, while a tropical storm in the Gulf of Mexico could disrupt production. The transportation sector switching to alternatives could also add pressure to oil prices. Observing all these factors, technical analysis is also important to predict price movements. Traders use historical data and charts to forecast future trends. Support and resistance are important levels to watch out for in the market. With all these components, it is important for market participants to stay up-to-date with the latest news and analysis. The continued uncertainty makes crude oil prices an interesting subject to watch. Fluctuations in oil prices not only affect the global economy but also impact state energy policies. Therefore, investors and the government monitor the situation closely in order to make strategic decisions. Various indicators, such as crude oil stocks in the US, OPEC production, and global economic conditions, are important references. A careful reading of this data can provide a clearer picture of potential future price movements.