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Oil hits record $126 on supply worry

Reuters
Posted online: Saturday , May 10, 2008 at 10:13 hrs
Updated On: Saturday , May 10, 2008 at 10:13 hrs

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backed governing coalition in the worst spate of violence in Lebanon since the country's 1975-90 civil war.

Although Lebanon is not an oil producer, civil unrest there has pushed up oil prices in the past, most recently in the summer of 2006 when Israel invaded Lebanon in an unsuccessful attempt to subdue Hezbollah....

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