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

Economic context

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

PreviousLatest
Michigan Consumer Expectations IndexBullish change47.958.4
Michigan Consumer Sentiment IndexBullish change52.260.5
UoM 1-year Consumer Inflation ExpectationsBearish change6.6%5.1%
UoM 5-year Consumer Inflation ExpectationBearish change4.2%4.1%
Initial Jobless Claims(no change)248K248K
Producer Price Index (MoM)Bullish change-0.2%0.1%
Producer Price Index (YoY)Bullish change2.5%2.6%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.2%0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.2%3%
Monthly Budget StatementBearish change$258B$-316B
Consumer Price Index (MoM)Bearish change0.2%0.1%
Consumer Price Index (YoY)Bullish change2.3%2.4%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.2%0.1%
Consumer Price Index ex Food & Energy (YoY)(no change)2.8%2.8%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)(no change)3.9%3.9%
Labor Force Participation RateBearish change62.6%62.4%
Nonfarm PayrollsBearish change147K139K
U6 Underemployment Rate(no change)7.8%7.8%
Unemployment Rate(no change)4.2%4.2%
Initial Jobless ClaimsBearish change239K247K
Nonfarm ProductivityBearish change-0.8%-1.5%
Unit Labor CostsBullish change5.7%6.6%
Challenger Job CutsBearish change105.441K93.816K
ISM Services Employment IndexBullish change4950.7
ISM Services New Orders IndexBearish change52.346.4
ISM Services PMIBearish change51.649.9
ISM Services Prices PaidBullish change65.168.7
S&P Global Composite PMIBullish change52.153
ADP Employment ChangeBearish change60K37K
Factory Orders (MoM)Bearish change3.4%-3.7%
JOLTS Job OpeningsBullish change7.2M7.391M
ISM Manufacturing Employment IndexBullish change46.546.8
ISM Manufacturing New Orders IndexBullish change47.247.6
ISM Manufacturing PMIBearish change48.748.5
ISM Manufacturing Prices PaidBearish change69.869.4

About OPEC Meeting

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