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NEW YORK (AP) - As consumers turn to air conditioners for relief from high temperatures and set off on summer road trips, it might appear that America's appetite for natural resources hasn't ebbed although oil prices have generally been quite high during the past year.
Wall Street, with its own hunger pangs for profits, seems to agree. While some investors might be concerned that rising energy prices could fan inflation and hurt consumer spending, many also apparently see opportunity in natural resources mutual funds.
Many of the funds, which often invest in energy stocks as well as materials suppliers like timber companies and steel producers, have risen sharply in recent years amid strong global demand for an array of resources.
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