Gasoline futures slipped from a seven-month high as the U.S. benchmark crude retreated.
Diesel futures in New York followed Brent crude and European gasoil higher amid escalating tensions between Russia and Ukraine.
Gasoline futures reached the highest price in a month after an industry group reported that U.S. inventories of the motor fuel declined.
Gasoline futures jumped to a three- week high on speculation that U.S. inventories of the motor fuel declined last week.
Diesel futures fell after Libyan rebels surrendered control of two oil ports to the government, enabling the OPEC country to increase exports.
Gasoline futures advanced as more Americans went to work in March, signaling that demand for the motor fuel will improve for the summer driving season.
Gasoline futures fell after the projected peak of seasonal maintenance for fuel producers.
Gasoline futures rose on speculation that the closing of a key pipeline transporting Gulf Coast oil products to the U.S. Northeast will reduce East Coast inventories.
U.S. authorities are planning inspection flights over the Houston Ship Channel, home to 11 percent of the nation’s refining capacity, as the waterway remains closed for a fourth day.
"WTI is under pressure as the market feels that Gulf Coast inventories are at the top of their range and oil will back up into the Cushing hub."
- Andy Lipow on Apr 15, 2014