Bets on rising WTI price reach highest level since 2014: CFTC OPEC agreed on Sept. 28 to first production cut in eight years OPEC’s first deal to cut output in eight years has spurred a running of the oil bulls. Prices surged, breaching $50 a barrel, since the Organization of Petroleum Exporting Countries agreed to the cut on Sept. 28 in Algiers. The group, which pumped at a record in September, will decide on quotas for its members at an official meeting in Vienna on Nov. 30. Futures also got a boost from a five-week stretch of falling U.S. crude stockpiles. “The market went haywire in the week and a half after the OPEC agreement,” said Stephen Schork, president of the Schork Group Inc., a consulting company in Villanova, Pennsylvania. “The bulls were ready and really jumped in. Since OPEC, there’s been a tick, tick, tick higher.” Money managers […]