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 - Saturday 5 July 2025 08:00

Trading range

Past events

Date
Saturday 5 July 2025 08:00
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

Economic context

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

PreviousLatest
Michigan Consumer Expectations IndexBullish change54.655
Michigan Consumer Sentiment IndexBullish change52.954
UoM 1-year Consumer Inflation Expectations(no change)4.2%4.2%
UoM 5-year Consumer Inflation ExpectationBullish change3.2%3.4%
Building Permits (MoM)Bearish change1.415M1.412M
Housing Starts (MoM)Bearish change1.306M1.246M
Average Hourly Earnings (MoM)Bullish change0.1%0.3%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Building Permits (MoM)Bullish change1.33M1.415M
Housing Starts (MoM)Bullish change1.291M1.306M
Labor Force Participation RateBearish change62.5%62.4%
Nonfarm PayrollsBearish change56K50K
U6 Underemployment RateBearish change-5%13%
Unemployment RateBullish change4.6%4.4%
Initial Jobless ClaimsBearish change200K208K
Nonfarm ProductivityBullish change3.3%4.9%
Unit Labor CostsBearish change1%-1.9%
Challenger Job CutsBearish change71.321K35.553K
Factory Orders (MoM)Bearish change0.2%-1.3%
ISM Services Employment IndexBullish change48.952
ISM Services New Orders IndexBullish change52.957.9
ISM Services PMIBullish change52.654.4
ISM Services Prices PaidBearish change65.464.3
JOLTS Job OpeningsBearish change7.449M7.146M
ADP Employment ChangeBullish change-29K41K
S&P Global Composite PMIBearish change5352.7
ISM Manufacturing Employment IndexBullish change4444.9
ISM Manufacturing New Orders IndexBullish change47.447.7
ISM Manufacturing PMIBearish change48.247.9
ISM Manufacturing Prices Paid(no change)58.558.5
Initial Jobless ClaimsBullish change215K199K
Chicago PMIBullish change36.343.5
Housing Price Index (MoM)Bullish change-0.1%0.4%
Pending Home Sales (MoM)Bullish change2.4%3.3%

About OPEC Meeting

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