Oil prices surged over 20%, with WTI crude surpassing $110 per barrel, redirecting market attention from inflation data to the oil market. This shift in focus comes as the U.S. Treasury market, valued at $31 trillion, experiences significant capital flows influenced by the oil price movement. Key economic data releases this week include U.S. inflation metrics and GDP figures, alongside oil inventory reports from API, EIA, and monthly market reports from OPEC and IEA. Additionally, Oracle is set to announce its earnings after the U.S. market closes on Tuesday.