US diesel futures pare gains after EIA inventory drawdown falls short of expectations

Despite the U.S. Energy Information Administration (EIA) inventory report showing that the weekly crude oil inventory decline in the United States was less than expected, U.S. crude oil futures and Brent crude oil futures prices moved little. U.S. diesel futures pared gains and are now up 4.8%, after the EIA inventory report showed a surprise increase in diesel inventories.