EIA Oil investors are growing more doubtful that OPEC can seal a deal. Money managers reduced bets on higher oil prices by the most since July 2014 after the group failed to agree on country quotas in talks Oct. 28 in Vienna. The rally following the Organization of Petroleum Exporting Countries’ preliminary deal in late September has disappeared as questions mount about whether OPEC can implement the first supply cuts in eight years at its Nov. 30 summit. “The market has gone from taking OPEC’s pledge at face value to questioning whether they will be able to come to any agreement at all,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York. In addition to cutting long positions in West Texas Intermediate in the week […]