World oil price movements are influenced by various factors that influence supply and demand in the global market. An increase or decrease in oil prices has a significant impact on various economic sectors, including transportation, energy and industry. In recent months, oil prices have experienced significant fluctuations, triggered by several main factors. One of the main factors influencing oil prices is the OPEC+ decision. The Organization of Petroleum Exporting Countries and other oil producing countries often cut production to maintain price stability. In recent months, OPEC+ agreed to reduce production to overcome the supply surplus that occurred due to the post-pandemic economic recovery. This policy succeeded in raising oil prices to a higher level. Apart from OPEC+, geopolitical tensions in the Middle East and Eastern Europe also contributed to oil price movements. For example, tensions between Russia and Ukraine created uncertainty in energy markets, resulting in a spike in oil prices. Investors often respond to this situation by increasing investment in energy commodities, increasing overall prices. Oil demand is also influenced by the global economic rebound. As lockdown measures are relaxed in various countries, energy demand has increased significantly. In its latest report, the International Energy Agency (IEA) predicts that global oil demand will continue to increase in line with the recovery of economic activity in the transportation and industrial sectors. This could potentially provide an additional boost to oil prices. Meanwhile, changes in energy policy focusing on sustainability and reducing greenhouse gas emissions are also influencing the long-term outlook for oil prices. Several countries are starting to switch to renewable energy sources, reducing dependence on oil. Although this shift does not immediately have a major impact on oil prices, it creates uncertainty that can influence decision-making among investors and producers. However, in the near future, weather factors and natural disasters may also have a significant impact on oil supplies. Hurricanes hitting the Gulf of Mexico region, for example, could disrupt oil production and shipping. Events like this usually push oil prices up suddenly due to market concerns about supply shortages. Even though oil prices are currently showing an increase, fluctuations remain the dominant trend in the market. Investors and market analysts continue to monitor developments closely, both in terms of geopolitics, OPEC+ policies, and global economic conditions. The trend to adopt renewable energy is also expected to influence demand dynamics in the long term. Society and businesses need to be prepared to face volatility in the energy market, especially in facing the challenges and opportunities that arise amid the transition to a more sustainable economy.