Crude Oil Prices Erase Gains on Hopes US to Add Supplies to Oil Markets

Crude prices also found support on Thursday after the crude crack spread jumped to a 3.75-year high, encouraging refiners to purchase crude and refine it into gasoline and distillates.Crude prices were also pressured on Thursday after President Trump pressed for the de-escalation of attacks on Middle East energy sites, following Iranian and Israeli strikes on major gas fields. Mr. Trump said the US wasn't involved in the South Pars attack and said Israel would refrain from further strikes on the site. Howev ...