Crude-oil prices turned negative Thursday after U.S. data showed a smaller-than-expected decline in crude inventories last week. U.S. oil for August delivery recently fell 94 cents, or 2%, to $46.49 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, declined 91 cents, or 1.9%, to $47.90 a barrel on ICE Futures Europe. Both benchmarks had been up modestly ahead of the data. Crude oil pipelines at the U.S. Department of Energy’s Bryan Mound Strategic Petroleum Reserve in… The Energy Information Administration said crude-oil inventories dropped by 2.2 million barrels in the week ended July 1. Analysts surveyed by The Wall Street Journal had expected a decrease of 2.3 million barrels, and the American Petroleum Institute, an industry group, said late Wednesday that its own data for the same week showed a 6.7 million barrel decrease in crude supplies. The data came out one day later than […]