Paradigm Oil and Gas Inc (PDGO)

[Taurus69]

$pdgo $.01 with news. Crude surpassed $65 a barrel for the first time since early February this week as geopolitical tension adds to signs that OPEC and its partners are succeeding in draining a global glut. Crude stockpiles in the U.S. finally ticked below the closely watched five-year average mark for the first time since 2014.

Yet, record-high U.S. crude production, coupled with concerns over a potential trade war with China that could thwart economic growth, is keeping the rally at bay.

West Texas Intermediate crude for May delivery rose $1.58 to settle at $65.88 a barrel on the New York Mercantile Exchange.

Brent for May settlement advanced $1.54 to $70.45 a barrel on the London-based ICE Futures Europe exchange, the highest level since late January. Futures are up 6.4 percent this week, the biggest weekly gain since July.