I know that it is bs. google the Magnusson-moss warranty act and you'll find lots of good info. like if a manufacturer requires you to use a specific product, and only that product, to keep the warranty intact then they have to provide you with that product. so if it is your dealer telling you that, then ask him when you can come in for your free oil change.....
the 'best' oil? there really isn't one. ask 100 people and you'll get 101 different answers. as long as you use the correct viscosity oil, and change it at regular intervals, you won't have an oil related failure. use one that you have ready access to. I prefer redline 20w-60 myself. but then, it is hotter than snot here.....