Oil prices rose as fresh U.S.-Iran clashes and another large U.S. crude inventory draw intensified fears of further supply disruption.

Analysts expect two-sided risks as a slump in demand competes with supply losses from the Middle East

June 3 : Oil prices climbed more than 1 per cent in early trade on Wednesday as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while…