USD/SHP Price & Performance (USDSHP)

President Trump's decision to revoke Chevron's license to operate in Venezuela has caused a notable spike in crude oil prices. West Texas Intermediate rose by 2.5% to $70.35 per barrel, while Brent crude increased by 2.1% to $74.04 per barrel. The move limits U.S. access to Venezuelan oil, tightening global supply.1

Shopify Inc. continues to impress analysts with its enterprise expansion and international growth. With projected revenue growth in the mid-20% range for Q1 2025, the company’s gross merchandise volume and recurring revenue streams are on the rise. Analysts maintain a bullish outlook, highlighting its potential to exceed expectations in the tech sector.2

Natural gas spot prices increased across most regions due to colder-than-average temperatures. The Henry Hub price climbed to $4.40/MMBtu, while Northeast prices spiked during a cold snap. Supply adjustments, including a 2.1% rise in dry gas production, contributed to market shifts, despite overall U.S. consumption declining by 14.5% last week.3