Brent Crude Tops $100 After Reports of Tanker Attacks Near Saudi Arabia. Should Investors Buy Oil Stocks Now?

Brent crude surged 7% to over $100 a barrel following reports of Houthi attacks on Saudi Arabian oil tankers in the Red Sea. With ongoing disruptions to oil supply routes via the Strait of Hormuz and the Red Sea, Goldman Sachs warns crude could reach $120 a barrel. Despite oil's 65% surge this year, major oil stocks have only gained modestly, presenting potential upside for investors.