West Texas Intermediate (WTI)

Israeli fighter planes struck military targets across Iran on Saturday, delivering on a vow to retaliate for a missile barrage at the start of the month.

The congressionally mandated sale will amount to 26 million barrels of crude, according to people familiar with the matter.

West Texas Intermediate futures edged higher toward US$84 ($119.17) a barrel, but are still down more than 1% for the week.

Oil is heading for its first monthly decline since November on escalating fears about a global slowdown.

UOB Kay Hian expects CSE to maintain FY21 DPS at 2.75 cents, translating to an "above average" yield of 5.1%.

Economic reopening has oil markets bullish despite growing US-China tensions, but optimism may be dampened if OPEC+ decides not to roll over higher production cuts.

VIENNA (June 3): OPEC was expected Thursday to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output.

TOKYO (May 17): Oil futures rose for a second straight session on Tuesday, with US crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices.

SINGAPORE (May 16): Oil rose to fresh 2016 highs in Asia Monday as a slowdown in US drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than expected.