Oil prices are at a 7-year high due to the usual nonsense about the Middle East

 West Texas Intermediate crude futures, the U.S. oil benchmark, traded as high as $85.74 per barrel on Tuesday, a price last seen in October 2014.

https://www.cnbc.com/2022/01/18/oil-prices-are-at-a-7-year-high-but-exxon-ceo-darren-woods-says-the-ultimate-trend-is-lower.html