Oil Prices Remain Mixed Despite OPEC Cuts and Inventories Build

Significant production cuts from OPEC+ producers are balancing a build-up in U.S. inventories.
Oil rigs in the U.S. fell last week, indicating U.S. oil production growth could slow in coming months.
Oil import reductions from Iran and Venezuela are limiting global supply, preventing an oversupply despite increased inventories.
Inflation data and other economic metrics due this week may impact the Federal Reserve's rate trajectory, affecting oil markets.
Geopolitical tensions between oil-producing nations and uncertainty surrounding the global economy pose risks to the oil market outlook.