Oil rises towards $40 on Israel-Hamas violence (Reuters)

A woman fills petrol into her car at a filling station in Puchheim westward of Munich in this December 12, 2008 file photo. (Michaela Rehle/Reuters)Reuters – Oil prices rose nearly 6 percent toward $40 a barrel on Monday after weekend violence between Israel and Hamas served as a reminder of political tensions that could threaten crude supplies from the Middle East.

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