While most oil benchmarks are still around $90 per barrel, some contracts are already above $100, and more could follow. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down what's happening, and explain what smart investors are doing right now, including taking a closer look at Pioneer Natural Resources (PXD), Chevron (CVX -0.46%), ExxonMobil (XOM -1.25%), Equinor (EQNR -1.53%), MLPX (MPLX -0.56%), and Enterprise Products Partners (EPD 0.03%). 

*Stock prices used were from the afternoon of Sept. 20, 2023. The video was published on Sept. 25, 2023.