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 bearish for USD. The following recent announcements may affect the market reaction to OPEC Meeting:

PreviousLatest
Consumer Price Index (YoY)Bearish change3%2.7%
Consumer Price Index ex Food & Energy (YoY)Bearish change3%2.6%
Initial Jobless ClaimsBullish change237K224K
Philadelphia Fed Manufacturing SurveyBearish change-1.7-10.2
S&P Global Composite PMIBearish change54.253
S&P Global Manufacturing PMIBearish change52.251.8
S&P Global Services PMIBearish change54.152.9
Average Hourly Earnings (MoM)Bearish change0.4%0.1%
Average Hourly Earnings (YoY)Bearish change3.7%3.5%
Nonfarm PayrollsBullish change-105K64K
Labor Force Participation RateBullish change62.4%62.5%
U6 Underemployment RateBullish change8%-5%
Unemployment RateBearish change4.4%4.6%
Retail Sales (MoM)Bearish change0.1%0%
Retail Sales Control GroupBullish change-0.1%0.8%
Retail Sales ex Autos (MoM)Bullish change0.1%0.4%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bearish change3.8%3.7%
Nonfarm PayrollsBearish change108K-105K
ADP Employment Change 4-week averageBullish change4.75K16.25K
NY Empire State Manufacturing IndexBearish change18.7-3.9
Initial Jobless ClaimsBearish change192K236K
Fed Interest Rate DecisionBearish change4%3.75%
Interest Rate Projections - 1st year(no change)3.4%3.4%
Interest Rate Projections - 2nd year(no change)3.1%3.1%
Interest Rate Projections - 3rd year(no change)3.1%3.1%
Interest Rate Projections - Current(no change)3.6%3.6%
Interest Rate Projections - Longer(no change)3%3%
Monthly Budget StatementBullish change$-284B$-173B
Employment Cost IndexBearish change0.9%0.8%
ADP Employment Change 4-week averageBullish change-13.5K4.75K
Michigan Consumer Expectations IndexBullish change5155
Michigan Consumer Sentiment IndexBullish change5153.3
UoM 1-year Consumer Inflation ExpectationsBearish change4.5%4.1%
UoM 5-year Consumer Inflation ExpectationBearish change3.4%3.2%
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Income (MoM)(no change)0.4%0.4%
Personal SpendingBearish change0.5%0.3%

About OPEC Meeting

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