The development of crude oil prices on the international market is influenced by various interrelated factors. One of the main factors is global oil supply and demand. Demand for crude oil increases sharply during periods of economic growth, as seen in the post-COVID-19 pandemic recovery. Large countries such as China and India are the main contributors to demand, because both have become active again in industry and transportation. On the supply side, the decisions of OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil producing countries play a crucial role. The production cut policy implemented by OPEC+, for example, aims to stabilize prices on the international market. Conversely, political tensions, such as conflicts in the Middle East, can also disrupt supply and push prices up. In recent months, fluctuations in crude oil prices have also been influenced by geopolitical conditions. For example, Russia’s invasion of Ukraine in early 2022 caused a dramatic spike in oil prices due to international sanctions and concerns over supply from one of the major producers. Although the price of Brent crude briefly reached its highest level since 2008, the market reaction to falling demand in major consuming countries helped stabilize prices. Another aspect that influences oil prices is technological innovation, such as improvements in serpentine oil extraction technology and renewable energy. In an effort to reduce dependence on fossil oil, many countries are promoting investment in alternative energy. This can result in a long-term decline in demand for oil, although in the short term, this transition often creates price volatility. Meanwhile, currency exchange rates also have a significant effect on crude oil prices. Oil is usually traded in US dollars. Exchange rate fluctuations can affect the purchasing power of importing countries and influence the prices they will pay for crude oil. When the dollar strengthens, oil prices tend to fall in the eyes of other countries, and vice versa. Investment trends in energy company stocks also contribute to oil price volatility. Crude oil, which is considered a ‘safe haven’ commodity, often attracts investor interest when economic uncertainty increases. In some cases, speculation in the futures market can lead to price spikes that are inconsistent with underlying market conditions. Reports from various energy analysis agencies, such as EIA (US Energy Information Administration) and IEA (International Energy Agency), provide invaluable data for market players to understand long and short-term trends. Predictions made based on this analysis can be used as a reference in making investment decisions. Finally, developments in environmental regulations and green energy policies in various countries are also starting to influence the long-term outlook for crude oil prices. Policies to reduce carbon emissions can have implications for the way countries manage and produce energy, including oil. Therefore, continuously monitoring these factors is critical for analysts and investors who want to understand the dynamics of the international oil market.