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Oil Prices Expected to Surge Despite OPEC+ Plans to Increase Output
Oil prices are forecasted to rise significantly even though OPEC+ has pledged to boost production. This suggests that market demand or other factors may outweigh the impact of increased supply from the oil cartel.
Date:
01.03.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.183570 | +0.32312% |
| GBPUSD | 1.348010 | -0.006676% |
| USDJPY | 156.004000 | -0.055096% |
| XAUUSD | 5277.892730 | +1.78823% |
| USDCAD | 1.365100 | -0.21563% |
| NZDUSD | 0.595130 | -0.47015% |
| USDCHF | 0.767310 | -0.77845% |
| AUDUSD | 0.709120 | -0.18018% |
| EURGBP | 0.876780 | +0.21145% |
| EURJPY | 183.591000 | -0.32134% |
| GBPJPY | 210.363000 | -0.14068% |
| AUDJPY | 109.649000 | -1.16239% |
| CADJPY | 114.222000 | +0.12798% |
| CHFJPY | 203.417410 | +0.7932% |
| NZDJPY | 92.800000 | -0.50071% |
| GBPCHF | 1.034580 | -0.77399% |
| EURCHF | 0.903350 | -1.03853% |
| USDMXN | 17.334820 | +0.87122% |
| USDZAR | 16.105000 | +0.96419% |
| USDTRY | 43.942900 | -0.007282% |
| USDRUB | 77.285000 | +0.55295% |
| USDSEK | 9.007200 | -0.3657% |
| USDCNY | 6.857400 | +0.24852% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 02.03.2026 | ||||
| 01:45 | Manufacturing PMI (Feb) | 50.5 | 50.3 | |
| 09:00 | Full Year GDP Growth (2025) | 0.5 | 0.7 | |
| 09:00 | Government Budget (2025) | -3 | -3.4 | |
| 15:00 | 🇺🇸 | ISM Manufacturing PMI (Feb) | 51.3 | 52.6 |
| 04.03.2026 | ||||
| 00:30 | 🇦🇺 | GDP Growth Rate QoQ (Q4) | 0.8 | 0.4 |
| 01:30 | NBS Manufacturing PMI (Feb) | 49.9 | 49.3 | |
| 01:45 | Manufacturing PMI (Feb) | 50.5 | 50.3 | |
| 05:00 | 🇯🇵 | Consumer Confidence (Feb) | 38.1 | 37.9 |
| 08:00 | 🇺🇸 | ISM Non-Manufacturing PMI (Feb) | 53.8 | |
| 08:00 | 🇺🇸 | ISM Non-Manufacturing Prices (Feb) | 66.6 | |