Oil prices rise as new Middle East hostilities flare and talks stall

AsiaOne.com

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Oil prices climbed more than one per cent in early trade on Wednesday (June 3) as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the United States showed little progress.Brent futures rose US$1.05 (S$1.34), or 1.09