Oil Prices Tread Water Ahead of Inflation Data, OPEC Reports

• Oil prices held declines ahead of Tuesday's US inflation data and OPEC/IEA reports later this week • Prices remain in a tight trading range as investors weigh bullish and bearish factors • OPEC+ cuts and Middle East tensions are offset by rising non-OPEC supply and China demand concerns • Iran says its oil exports have reached highest level since 2018 after Trump exited nuclear deal • Investors watching for potentially hot US inflation numbers on Tuesday that could impact Fed policy path