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Futures in New York rose toward $74 a barrel on Wednesday and are up more than 50% this year.
The average is up just 2% since Memorial Day, but 42% from a year ago, when pandemic restrictions brought demand to a near halt and sent oil and gas prices plunging.
Brent dipped 10 cents, or 0.1%, to $76.08 a barrel at 0911 GMT, after climbing to $76.60 its highest since October 2018. U.S. crude was down 4 cents, or 0.1%, at $74.01 a barrel.
The two countries are not truly committed to greening the global economy because their manufacturing and exports still depend on dirty energy.