Explainer: What happened to the 2022 global oil rally?
Crude oil futures spent much of 2022 surging, as demand for transportation fuels to travel returned while Russia's invasion of Ukraine and production cuts from the world's largest oil-producing nations and their allies (OPEC+) squeezed supply.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Explainer: What happened to the 2022 global oil rally?

### Response: Crude oil futures spent much of 2022 surging, as demand for transportation fuels to travel returned while Russia's invasion of Ukraine and production cuts from the world's largest oil-producing nations and their allies (OPEC+) squeezed supply.