Physical oil prices have been rising globally recently due to a combination of economic and geopolitical factors. The increasing demand for oil in global markets, especially with the economic recovery after the Corona pandemic, contributed to the increase in prices. On the other hand, tensions in some major oil-producing regions, such as the Middle East, and production cuts by OPEC and its allies, contributed to reducing supply and raising prices. Expectations of this upward trend continuing are still in place, as oil is considered one of the basic resources in supporting the global economy and meeting the growing energy needs.