Oysters with Mignonette Sauce

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3 tablespoons minced shallot

1/2 cup sherry vinegar

1/2 teaspoon salt

3/4 teaspoon sugar

1 1/2 teaspoons coarsely ground pepper

1 1/2 tablespoons vegetable oil

1 teaspoon horseradish

1/4 cup minced fresh parsley leaves

24 to 36 oysters, shucked on the half shell

Fresh seaweed, for garnish

4 lemons, cut into wedges