Oil prices dip on OPEC+ hike speculation; US inventories seen rising
As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Thursday, September 4, 2025. The day’s lineup includes key reports on employment, services sector activity, and oil inventories, all of which have the potential to influence investor sentiment and market direction.
Major Economic Events to Watch
• 8:15 AM ET - ADP Nonfarm Employment Change (Forecast:73K, Previous: 104K): A measure of private sector employment change.
• 8:30 AM ET - Initial Jobless Claims (Forecast:230K, Previous: 229K): Weekly report on first-time unemployment insurance claims.
• 9:45 AM ET - Services PMI (Forecast:55.4, Previous: 55.7): Markit’s index of service sector activity.
• 10:00 AM ET - ISM Non-Manufacturing PMI (Forecast:50.9, Previous: 50.1): Broad measure of service sector economic activity.
• 12:00 PM ET - EIA Crude Oil Inventories (Previous:-2.392M): Weekly change in commercial crude oil stocks.
Other Important Economic Events to Watch
• 8:30 AM ET - Nonfarm Productivity (Forecast:2.8%, Previous: 2.4%): Measure of labor efficiency excluding farming.
• 8:30 AM ET - Unit Labor Costs (Forecast:1.2%, Previous: 1.6%): Indicator of labor costs and potential inflation.
• 8:30 AM ET - Trade Balance (Forecast:-77.70B, Previous: -60.20B): Difference between imported and exported goods and services.
• 8:30 AM ET - Continuing Jobless Claims (Forecast:1,960K, Previous: 1,954K): Ongoing unemployment insurance claims.
• 8:30 AM ET - Exports (Previous:277.30B): Total value of U.S. merchandise exports.
• 8:30 AM ET - Imports (Previous:337.50B): Total value of goods brought into the U.S.
• 9:45 AM ET - S&P Global Composite PMI (Forecast:55.4, Previous: 55.1): Combined index of manufacturing and services sector activity.
• 10:00 AM ET - ISM Non-Manufacturing Employment (Previous:46.4): Service sector employment component of ISM report.
• 12:00 PM ET - EIA Weekly Cushing Oil Inventories (Previous:-0.838M): Crude oil storage levels at key delivery point.
• 12:05 PM ET - FOMC Member Williams Speaks: Potential insights into monetary policy.
• 1:00 PM ET - Atlanta Fed GDPNow (Forecast:3.0%, Previous: 3.0%): Running estimate of real GDP growth.
• 4:30 PM ET - Reserve balances with Federal Reserve Banks (Previous:3.217T): Amount of money held by banks at the Fed.
• 4:30 PM ET - Fed’s Balance Sheet (Previous:6,603B): Statement of Fed’s assets and liabilities.
• 7:00 PM ET - Fed Goolsbee Speaks: Possible commentary on economic outlook and policy.
Other Economic Events to Watch
• 7:30 AM ET - Challenger Job Cuts (Previous:62.075K): Report on announced corporate layoffs.
• 8:00 AM ET - Total Vehicle Sales (Forecast:16.10M, Previous: 16.40M): Annualized number of new vehicles sold domestically.
• 8:30 AM ET - Jobless Claims 4-Week Avg. (Previous:228.50K): Smoothed measure of weekly jobless claims.
• 10:00 AM ET - ISM Non-Manufacturing New Orders (Previous:50.3): New orders component of ISM services report.
• 10:00 AM ET - ISM Non-Manufacturing Prices (Previous:69.9): Price trends in service sector.
• 10:00 AM ET - ISM Non-Manufacturing Business Activity (Previous:52.6): Business activity component of ISM services report.
• 10:30 AM ET - Natural Gas Storage (Previous:18B): Weekly change in natural gas inventories.
• 11:30 AM ET - 4-Week Bill Auction (Previous:4.245%): Short-term Treasury bill auction results.
• 11:30 AM ET - 8-Week Bill Auction (Previous:4.145%): Short-term Treasury bill auction results.
• 12:00 PM ET - EIA Weekly Gasoline Production (Previous:0.427M): Weekly gasoline production data.
• 12:00 PM ET - Gasoline Inventories (Previous:-1.236M): Weekly change in gasoline stocks.
• 12:00 PM ET - EIA Weekly Distillate Fuel Production (Previous:-0.113M): Weekly distillate fuel production data.
• 12:00 PM ET - EIA Refinery Crude Runs (Previous:-0.328M): Weekly crude oil processed by refineries.
• 12:00 PM ET - EIA Weekly Distillates Stocks (Previous:-1.786M): Weekly change in distillate fuel inventories.
• 12:00 PM ET - EIA Weekly Heatoil Stock (Previous:0.102M): Weekly change in heating oil inventories.
• 12:00 PM ET - EIA Weekly Refinery Utilization Rates (Previous:-2.0%): Percentage of operable refinery capacity utilized.
• 12:00 PM ET - EIA Weekly Crude Imports (Previous:0.299M): Weekly crude oil import data.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.