OPEC Meeting

The mission of the Organization of the Petroleum Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. It is held in Vienna and it is attended by representatives from 13 oil-rich nations.

Most recent - Monday 3 February 2025 08:00

Trading range

Past events

Date
Monday 3 February 2025 08:00
Tuesday 10 December 2024 08:00
Thursday 1 August 2024 08:00
Sunday 2 June 2024 08:00
Wednesday 3 April 2024 08:00
Thursday 1 February 2024 08:00
Thursday 30 November 2023 08:00
Wednesday 4 October 2023 08:00
Thursday 3 August 2023 08:00
Sunday 4 June 2023 08:00
Monday 3 April 2023 08:00
Wednesday 1 February 2023 08:00
Sunday 4 December 2022 08:00
Wednesday 5 October 2022 08:00
Monday 5 September 2022 08:00
Wednesday 3 August 2022 08:00
Thursday 30 June 2022 08:00
Thursday 2 June 2022 08:00
Thursday 5 May 2022 08:00
Thursday 31 March 2022 08:00

Economic context

Recent economic data has been moderately bearish for USD. The following recent announcements may affect the market reaction to OPEC Meeting:

PreviousLatest
Michigan Consumer Sentiment IndexBearish change64.757.9
UoM 5-year Consumer Inflation ExpectationBullish change3.5%3.9%
Initial Jobless ClaimsBullish change222K220K
Producer Price Index (MoM)Bearish change0.6%0%
Producer Price Index (YoY)Bearish change3.7%3.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%
Monthly Budget StatementBearish change$-129B$-307B
Consumer Price Index (MoM)Bearish change0.5%0.2%
Consumer Price Index (YoY)Bearish change3%2.8%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.4%0.2%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.3%3.1%
JOLTS Job OpeningsBullish change7.508M7.74M
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bullish change3.9%4%
Labor Force Participation RateBearish change62.6%62.4%
Nonfarm PayrollsBullish change125K151K
U6 Underemployment RateBearish change7.5%8%
Unemployment RateBearish change4%4.1%
Initial Jobless ClaimsBullish change242K221K
Nonfarm ProductivityBullish change1.2%1.5%
Unit Labor CostsBearish change3%2.2%
Challenger Job CutsBullish change49.795K172.017K
Factory Orders (MoM)Bullish change-0.6%1.7%
ISM Services Employment IndexBullish change52.353.9
ISM Services New Orders IndexBullish change51.352.2
ISM Services PMIBullish change52.853.5
ISM Services Prices PaidBullish change60.462.6
S&P Global Composite PMIBullish change50.451.6
ADP Employment ChangeBearish change186K77K
ISM Manufacturing Employment IndexBearish change50.347.6
ISM Manufacturing New Orders IndexBearish change55.148.6
ISM Manufacturing PMIBearish change50.950.3
ISM Manufacturing Prices PaidBullish change54.962.4

About OPEC Meeting

Country:United States
Currency:USD
Source:Organization of the Petroleum Exporting Countries
Category:Energy
Frequency:Irregular
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