Oil falls after U.S. reports crude drawdown within forecasts

By Barani Krishnan NEW YORK (Reuters) - Oil prices turned negative on Thursday after the U.S. government reported a weekly crude draw that was within analysts' forecasts, disappointing the bulls in the market who had expected larger declines. Brent crude futures were down 70 cents, or 1.4 percent, at $48.10 per barrel by 11:04 a.m. EDT (4.04 p.m. BST). It rose 1.6 percent earlier to a session high of $49.59. U.S. crude futures were down 63 cents, or 1.2 percent, to $46.80. The Energy Information