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 - Tuesday 10 December 2024 08:00

Trading range

Past events

Date
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
Wednesday 2 March 2022 09:00
Wednesday 2 February 2022 09:00

Economic context

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

PreviousLatest
Initial Jobless ClaimsBearish change217K223K
Industrial Production (MoM)Bullish change0.2%0.9%
Building Permits (MoM)Bearish change1.493M1.483M
Housing Starts (MoM)Bullish change1.294M1.499M
Initial Jobless ClaimsBearish change203K217K
Philadelphia Fed Manufacturing SurveyBullish change-10.944.3
Retail Sales (MoM)Bearish change0.8%0.4%
Retail Sales Control GroupBullish change0.4%0.7%
Retail Sales ex Autos (MoM)Bullish change0.2%0.4%
Consumer Price Index (MoM)Bullish change0.3%0.4%
Consumer Price Index (YoY)Bullish change2.7%2.9%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.3%3.2%
NY Empire State Manufacturing IndexBearish change2.1-12.6
Monthly Budget StatementBullish change$-367B$-87B
Producer Price Index (MoM)Bearish change0.4%0.2%
Producer Price Index (YoY)Bullish change3%3.3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.2%0%
Producer Price Index ex Food & Energy (YoY)Bullish change3.4%3.5%
Michigan Consumer Sentiment IndexBearish change7473.2
UoM 5-year Consumer Inflation ExpectationBullish change3%3.3%
Average Hourly Earnings (MoM)Bearish change0.4%0.3%
Average Hourly Earnings (YoY)Bearish change4%3.9%
Labor Force Participation Rate(no change)62.5%62.5%
Nonfarm PayrollsBullish change212K256K
U6 Underemployment RateBullish change7.7%7.5%
Unemployment RateBullish change4.2%4.1%

About OPEC Meeting

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