Oil prices have recently surged past $90 a barrel, driven by the unwavering stance of OPEC+ members and voluntary reductions by Saudi Arabia and Russia. The escalating global demand further intensifies the price hike. However, geopolitical tensions, particularly the ongoing conflict between Russia and Ukraine, could sway the oil market. The German government’s projection of high natural gas prices until 2027 underscores the urgency of additional measures, especially if the embargo on Russian gas imports persists. In this context, the possibility of oil prices breaking the $100 per barrel threshold remains a focal point of market attention.