NEW YORK (MONEY Magazine) - Investors have started to worry that interest rates will rise and make the stock market stall.

Many of them also have a deeper fear -- that oil prices will keep heading higher and cause a return to stagflation.

Investors, however, have no choice but to expect higher oil prices as the cost of recovery spirals. So what can you do to prepare yourself for soaring prices?

Here are three ways you can protect your portfolio, and even profit, from higher oil prices.

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