Oil prices inched down amid mixed market signals on Tuesday, with traders awaiting the outcome of an OPEC+ meeting this week.

Oil futures rose Tuesday morning as traders awaited a meeting of the Organization of the Petroleum Exporting Countries and its allies that’s expected to result in a further delay to the partial unwind of production cuts.

Oil prices have risen due to stronger-than-expected Chinese factory activity and ongoing geopolitical tensions in the Middle East, while OPEC+ is expected to maintain production cuts.

Oil prices were little changed on Tuesday, trading within a narrow range, as traders awaited the outcome of an OPEC+ meeting later this week. Brent crude futures were up 14 cents, or 0.19%, at $71.97 a barrel by 0404 GMT,

Global oil prices ended little changed Monday, while U.S. prices posted a modest gain as upbeat manufacturing data from China lifted prospects for energy demand

Oil prices were rising in early European trade but remained in a narrow range ahead of an OPEC+ output policy meeting on Thursday. Both crude benchmarks Brent and WTI were up 1% to $72.52 and $68.81 a barrel,

Oil futures rose on Monday, bouncing after losing ground in a choppy November in response to a cease-fire between Israel and Iran-backed Hezbollah.