Crude oil and its derivatives are used daily for various purposes and are an integral part of life. Oil wells exist everywhere in the world, and the three main oil markers are Brent Crude, West Texas Intermediate, and Dubai and Oman. These three markets supply the area of Europe, North America and the Persian Gulf. The final paper analyzes the movement of prices of oil and petroleum products for the period from 2008 to 2020. At the beginning of 2008 and during 2009, there was a significant drop in the prices of oil and oil derivatives, which was caused by the great economic crisis. The price of a barrel of oil fell by $ 50, so it was sought to stabilize it through various political measures so as not to affect world GDP. Re-oscillations in the movement of oil prices were recorded in 2014 and 2015, and were conditioned by the excess supply of crude oil in relation to global demand. A similar situation occurred in March 2020, when a significant increase in oil prices was recorded due to the coronavirus pandemic, because OPEC limited the quantities of oil with regard to the situation. Although the price of oil and oil derivatives has stabilized again since February 2021, it is predicted that by 2050 oil consumption will decrease by 9%, ie the primary source of supply will be gas at the global level, while in Europe due to strong decarbonization most grow the share of renewable energy sources.