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 -2.27%), ExxonMobil (XOM -2.58%), Equinor (EQNR -4.42%)MLPX (MPLX -0.07%), and Enterprise Products Partners (EPD -0.90%)

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