Oil down 3 percent after U.S. reports crude drawdown within forecasts

By Barani Krishnan NEW YORK (Reuters) - Oil prices fell nearly 3 percent on Thursday, reversing early gains after the U.S. government reported a weekly crude draw that was within analysts' forecasts, disappointing market bulls who had expected larger declines. The Energy Information Administration (EIA) said crude stockpiles fell 2.2 million barrels for the week ended July 1, drawing for a seventh week in a row. Crude inventories at the Cushing, Oklahoma, delivery hub for U.S. crude futures fell