Global crude oil price trends in 2023 reflect complex market dynamics, influenced by geopolitical, economic and environmental factors. At the start of the year, crude oil prices experienced volatility due to tensions in the Middle East and OPEC+’s decision to reduce production. This caused a spike in prices, with Brent Crude topping $90 per barrel. The main factors influencing prices are global supply and demand. Post-COVID-19 economic recovery in various countries, especially in China, and increasing energy needs have triggered an increase in demand. Meanwhile, supply disruptions due to sanctions against Russia also reduced oil supplies, resulting in prices remaining high. In the first half of 2023, data shows that demand for crude oil increased by 2.5 million barrels per day compared to the previous year. The transportation and industrial sectors are the main contributors to this demand. Meanwhile, oil production from producing countries such as China and the US cannot fully meet this increase, creating an imbalance in the market. The energy crisis in Europe also contributed to price trends. With reduced gas supplies from Russia, many countries are turning to oil as an alternative energy source. This situation exacerbates supply shortages and drives prices up further. On the other hand, the energy transition policy towards renewable sources is starting to show its impact. Governments in various countries are increasing investment in renewable energy, which has the potential to reduce dependence on oil in the long term. However, this transition takes time, and in the short term, oil demand remains high. Technical analysis shows that crude oil prices will remain volatile towards the end of the year. Influencing factors include upcoming OPEC+ decisions, changes in global energy policy, and continued geopolitical risks. Investors and market analysts need to pay close attention to these indicators to predict the direction of future price trends. Overall, 2023 has the potential to be a watershed year for the global crude oil market. New challenges in terms of energy policy and the desire for sustainability face this industry. Trie as price trends continue to fluctuate, market players will remain alert to the adaptations and strategies needed to deal with these changes.