As you can see, Obama got the price of oil down, but then Trump drove up the price. It's part of MAGA.
Not really, the low prices during the last year and half of Obama's second term was due to the huge increase in production of US fracking and the Russians ramping up production to counter their economic woes plus the need to pay off their wars in Ukraine and Syria. The Saudis also increased production in their efforts to drive the US frackers out of the market, because the Saudis can withstand much lower PPB than the US frackers to remain viable.
By the beginning 2016, PPB fell below the break even point for many domestic US frackers and they put production on hold, thus the rise in PPB. Keep in mind the rise in price happened early in 2016 while Obama was still in office.
In July 2017, the new KSA Crown Prince Mohammad bin Salman after solidifying power reversed previous strategy and cut production. It was about this time that Russia surpassed KSA as the top oil producer.
In November 2017, not only did Crown Prince Mohammad bin Salman extend the cutback that was originally meant to expire at the end of March 2018, he convinced the rest of OPEC to follow suit. To top it off, Nigeria and Libya which were exempt from the cutbacks voluntarily agreed not to exceed their quotas.
Finally, here in the US, we are about to switch from winter blend to summer blend at the gas stations. There is always an associated rise in price each and every year no matter which seasonal blend we are switching too.