1. Higher oil prices have a knock-on effect on other fuels. 2. Higher production, higher oil prices and increased interest income all contributed to this improvement in performance. 3. The concept that has predominated is that higher oil and gas prices are better. 4. The higher priced products are deeper in color and have a higher oil content. 5. Increased exports were boosted by higher oil prices, which encouraged domestic investment, particularly in coal mining. 6. Iran subsequently rejected the outcome of the meeting as detrimental to higher oil prices. 7. Saudi Arabia and Iran, the two largest OPEC exporters, were reported to be among countries demanding that Kuwait make sacrifices to achieve higher oil prices. 8. Along with higher oil prices, the higher interest rates appear to have slowed the economy slightly, said Jeffrey Applegate, chief investment strategist for Lehman Brothers. 9. And, if higher oil prices spark widespread inflation, the Fed may raise interest rates, which reduces profits even more. |