Oil Above $100 Spurs Buys in Occidental and Ardmore

WTI crude has held above $100 per barrel through May 16, driven by Middle East tensions and OPEC+ supply shocks. The rally first powered commodity ETFs such as PDBC (+50% over one year) and DBO (+61% YTD) before shifting to small-cap producers like EGY (+83%) and GRNT (8.8% yield). Latest reports now highlight Occidental’s debt reduction to $13.3 billion after the OxyChem sale and Ardmore’s Q2 tanker rates above $52,000 per day as the next leveraged opportunities before prices potentially peak.