Oil prices are starting to gush higher.

All thanks to cold weather, supply concerns and Russian sanctions.

“The sanctions target Russian oil companies Gazprom Neft and Surgutneftegas and their subsidiaries, more than 180 tankers, and more than a dozen Russian energy officials and executives. The sanctioned executives include Gazprom Neft CEO Aleksandr Valeryevich Dyukov,” as noted by CNBC.

With oil set to push even higher with those catalysts, investors may want to jump into oil stocks and ETFs such as:

Exxon Mobil (XOM)

Oversold at $106.28, we’d like to see Exxon Mobil race back to at least $116 – especially with a good deal of negativity now priced into the stock. Plus, while we wait for XOM to recover lost ground, we can collect its yield of 3.73%.

Chevron (CVX)

After finding strong support at $140, Chevron is now back to $153.18. From here, we’d like to see an initial test of $164 near term. We can also collect its yield of 4.3% while we wait for that potential move higher. Helping, analysts at Mizuho just reiterated an outperform rating on the CVX stock with a price target of $195 a share.