The oil market has always been a rollercoaster ride, influenced by a myriad of factors, and making predictions is never straightforward. But let's break it down and see where we stand.

First, the big question: am I bullish or bearish on the oil trend? Well, I'm leaning more towards a bullish outlook, and here's why. The global economy is gradually recovering from the pandemic, leading to increased demand for oil. Supply chain disruptions have reminded us of the importance of reliable energy sources, and as countries reopen, oil consumption is likely to rise.

Additionally, geopolitical tensions, especially in oil-rich regions, can have a significant impact on oil prices. Any conflict or instability can disrupt supply, sending prices higher. So, it's safe to say that the bullish case for oil prices has some solid foundations.

However, we can't ignore the bearish factors. The shift towards renewable energy sources, the ongoing push for electric vehicles, and the commitment to reduce carbon emissions could lead to a long-term decline in oil demand. Moreover, some oil-producing countries may increase output to capitalize on higher prices, which could counteract the bullish momentum.

Now, let's address the intriguing question of whether the surfing oil prices will affect the rate hike decision in the November Federal Open Market Committee (FOMC) meeting. The answer here is a resounding yes. Oil prices play a significant role in the broader economy, influencing inflation and consumer spending.

If oil prices surge to $100 or even higher, it could lead to higher inflation, which the FOMC closely monitors. In response, they might consider tightening monetary policy by raising interest rates. Higher rates could have implications for borrowing costs, economic growth, and financial markets.

However, the FOMC will need to strike a delicate balance. They must consider not just oil prices but the overall economic landscape, employment levels, and other inflationary pressures. If they act too aggressively, it could stifle the economic recovery. On the other hand, failing to address rising inflation could erode consumer purchasing power and financial stability.

In conclusion, I find myself leaning towards a bullish outlook on oil prices, given the factors at play. However, I also recognize the potential bearish influences that could temper this rise. As for the November FOMC rate hike decision, it's clear that oil prices will be a key factor in their deliberations. The outcome will depend on how the FOMC balances the need to control inflation with the imperative to support economic growth. It's a challenging task, and I'll be watching closely to see how they navigate these turbulent waters.