Tepid labor reports from the United States and signs that global crude oil supplies were accumulating sent oil prices lower at the start of trading Thursday. Crude oil prices started Wednesday in negative territory as market analysts discounted any signs of bullish momentum building in the second half of the year. Prices turned sharply lower late morning Wednesday after the U.S. Energy Information Administration reported a larger-than-expected increase in U.S. crude oil stockpiles. Heavy supply and lower demand helped pull oil prices from $100 per barrel in 2014 to lower than $30 per barrel in early 2016. The reaction to EIA’s report on U.S. crude oil inventories was doubled by data showing production from some members of […]