U.S. Fed, ECB and BoE all seen hiking rates this week
OPEC panel meeting on Weds unlikely to alter policy
Oil earlier rose after drone attack in Iran

LONDON, Jan 30 Reuters Oil steadied on Monday as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand.

Investors expect the Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by halfpoint hikes from the Bank of England and European Central Bank, and any deviation from that script would be a shock.

The riskoff cautious mood in the market ahead of the central bank meetings is hurting risk assets, including oil, said Fiona Cincotta, analyst at City Index.

Brent crude rose 20 cents, or 0.2, to 86.86 a barrel by 1110 GMT while U.S. West Texas Intermediate crude added 8 cents, or 0.1, to 79.76.

The upcoming flurry of price catalysts sets the stage for significant swings in oil prices this week, said Stephen Brennock of PVM. That said, prices are unlikely to fall below 80 and will struggle to get close to 100.

The market also came under pressure from indications of strong Russian supply, despite an EU ban and G7 price cap imposed over its invasion of Ukraine. Both oil benchmarks last week saw their first weekly loss in three.

Besides the central bank meetings, a gathering on Wednesday of key ministers from the Organization of the Petroleum Exporting…