"The expected rise in the oil price is unlikely to be smooth, " it points out.
Husky doubled its earnings last year as a result of the oil price spike.
In the 1970s, it was the oil price spike that drove inflation, not money.
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The weaker oil price in the 1990s partly reflected a weakening of OPEC's bargaining power.
This gives its central bank the latitude to ignore a sudden jump in the oil price.
The oil price has crept back up over the past fortnight after a sharp fall.
In April and May we saw this trend continue as oil price continued to climb.
Even for Malaysia, the region's biggest exporter, the high oil price is not necessarily beneficial.
The fall in poverty owes everything to the surge in the oil price since 1999.
But the benefits of oil price reductions due to shale oil will vary significantly by country.
But the global financial crisis caused the oil price to plunge, hammering Angola's economy.
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Traders in the futures market also seem to believe that the oil price will rise again.
IR Your chart shows a consistent drop in the crude-oil price from 1860 to 1973.
Previous jumps in the oil price were typically caused by a sudden disruption to supply.
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If the oil price falls too, Russia could again be facing the financial abyss.
Europeans realize that the oil price is set by the world market, Dings said.
If, on the other hand, the oil price goes up, the firm is ready to pump.
Thanks to a higher oil price and capital-account controls, the central bank's reserves are moderately healthy.
The high oil price is already fuelling inflation and singeing confidence in all three countries.
CBI's report shows that the rising oil price is taking its toll on industry.
OPEC's market share is now too low to support its control of the oil price.
The effect of that on the oil price and on the global economy could be dramatic.
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In part, the MQM walked out in opposition to a planned hike in the oil price.
After all, the oil price has been well within that range for the past few months.
Compared with previous oil crises, the recent 50% jump in the oil price has been modest.
Worse, the cost of developing new fields is rising almost as fast as the oil price.
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OPEC's desire to force the oil price up is almost certainly linked to the falling dollar.
The effect of the rising oil price on America could be even more disturbing.
Perhaps the best hope for the industry is that the oil price remains stubbornly high.
The oil price, which had been rising in anticipation of the move, remained relatively calm.
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