Why are oil futures still so high if Middle East exports have recovered?

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United States Oil Fund (NYSE: USO) Delayed: 169.01 +5.13 (3.13%)
Previous Close $163.88    52 Week High $13.50 
Open $166.55    52 Week Low $7.67 
Day High $169.27    P/E 8.57 
Day Low $166.34    EPS $19.73 
Volume 2,167,288