June 1 (Reuters) - Futures tracking Canada's

resources-heavy index inched higher on Monday, tracking higher

crude oil prices after reports of fresh hostilities in the Gulf,

though signs of no end to the conflict kept broader risk

appetite in check.

June futures on the S&P/TSX index were up 0.1% at

6:06 a.m. ET (1006 GMT), mirroring similar gains on Wall Street.

* Oil prices rose more than 3% after Iran and the U.S.

traded strikes and Israel ordered troops to move further into

Lebanon in its battle with Tehran-backed Hezbollah.

* Energy has been the best-performing sector in

the TSX this year, clocking a more than 35% jump as of last

close, benefiting from higher crude oil prices.

* Gold prices were lower against a firmer dollar,

while silver prices were slightly higher. Materials and

mining stocks make up almost 17% of the TSX, the third-largest

sector behind financials and energy, according to data compiled

by LSEG.

* The benchmark TSX clocked a second straight

monthly gain in May, taking the index to record highs and

closing in on the 35,000 points mark.

* Canadian government bond yields also edged lower, with the

one on the 10-year note briefly hitting its lowest

in over seven weeks.

* Focus would be on readings of U.S. and domestic

manufacturing activity due later in the day, and a U.S. jobs

report slated for the end of the week.

* Among single stocks to look out for, brokerage Canaccord

Genuity upgraded its rating on Wesdome Gold Mines ( WDOFF ) to

"buy" from "hold".

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