Hercules Offshore Inc (fka HEROQ)

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OIL MARKETS
Oil Surges on Signs of Growing Demand
Cushing, Okla., supplies reported to have fallen by nearly 300,000 barrels last week
By TIMOTHY PUKO
Updated April 6, 2015 5:28 p.m. ET
Oil prices surged to their biggest gains in nearly two months as signs of rising demand in both the U.S. and Asia drove a rally.

Data provider Genscape Inc. reported that supplies in Cushing, Okla.--a key storage hub and the delivery point for the benchmark U.S. futures contract--fell by nearly 300,000 barrels between March 31 and April 3, according to a broker. Cushing supplies are at a record, and this is first time those stocks...