West Texas Intermediate crude futures for July delivery were at $35.17 a barrel, down 32 cents, by 0123 GMT.
"The focus is very much on OPEC+," OCBC economist Howie Lee said, referring to the grouping of OPEC and its allies including Russia. OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day in May and June after the coronavirus pandemic ravaged demand. Still, tensions between the United States and China weighed on global financial markets while traders are also keeping an eye on riots over the weekend that have engulfed major U.S. cities.
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