Oil rises, hovers near 7-year highs on supply fears, political risks Posted on January 31, 2022 by Travel editor Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Post navigation China’s Covid lockdown rules are sending prices higher, says Chinese EV start-upSummer Trip To Israel: Nonstop Options From The United States