Excerpt:
"Since the fall of 2018, oil prices have been in the $50 and $60 range; when the pandemic hit early last year, a lack of demand pushed prices down even further, at one point to under $20 in the spring. Since fall 2020, prices have risen modestly from the $40 range, almost back to 2019 levels of around $50 per barrel."
https://finance.yahoo.com/news/biden-policy-means-higher-oil-prices-goldman-170738261.html
Oil Prices over the past 5 years. Image credit - Yahoo Finance
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