Easy answer. Oil price down dramatically from mid to high 90's to mid 70's. Drop in world demand, increase in supply, China's reserves pretty well topped off, Cushing reserves significantly replenished, Iran oil (3-5 mbopd) now on open market due to J F'inf Biden's treason and so on. Saudi cuts in prod (really, Saudi production levels are impossible to prove and are a tightly guarded Saudi state secret so take any news about their production cuts/increases with a HUGE block of salt) .... and so on.
Simple answer: Supply up, world demand down. Basic economics.
Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...