Analysis of World Oil Prices for this month shows significant fluctuations influenced by various global factors. When monitoring oil prices, the main indicators that need to be considered are demand, supply and geopolitical conditions. Currently, the price of Brent crude oil is trading around $85 per barrel, while WTI (West Texas Intermediate) is hovering around $80 per barrel. Global demand is experiencing a surge due to the post-pandemic economic recovery encouraging industrial activity and travel. Countries in Asia, especially China and India, have shown increased energy consumption, which has contributed to strengthening oil prices. Data from the International Energy Agency (IEA) suggests that global oil demand in the second quarter increased by 4 percent compared to last year. On the supply side, the Petroleum Exporting Organization (OPEC) has decided to maintain production quotas, despite pressure to increase output. This decision is based on predictions that demand will remain strong in the next few months. However, supply chain disruptions due to the conflict in Ukraine and sanctions against Russia are determining factors that can change the dynamics of the oil market. Another factor that influences prices is the stronger US dollar exchange rate. An increase in the value of the dollar usually results in a decrease in oil prices because oil is traded in dollars. This condition makes oil more expensive for countries that use other currencies. The US Federal Reserve also indicated a possible increase in interest rates, which could strengthen the dollar and pressure oil prices. Geopolitics remains a key focus for investors. Tensions between oil-producing countries and issues of conflict, such as those occurring in the Middle East, can add to uncertainty in the market. In addition, shifts in energy policy aimed at reducing dependence on fossil oil are encouraging further research into renewable energy sources, although this transition will still take time. Investors also pay attention to the weekly oil stockpiles report from the US Energy Administration (EIA) to get an idea of the balance between supply and demand. The latest data shows that US crude oil stocks are declining, which indicates strong demand and may provide additional support to oil prices. In the short term, oil price projections will depend greatly on global market dynamics, more environmentally friendly transportation vehicles, as well as the steps taken by OPEC to respond to changing market conditions. Keeping all these variables in mind, it is important for market participants to remain alert and prepared for possible changes that could affect oil prices in the near future.