Hedge funds turned bearish towards oil prices at the fastest rate on record in the first week of November amid growing doubts about whether OPEC will reach a successful deal to curb its growing production. Hedge funds and other money managers cut their net long position in Brent and West Texas Intermediate (WTI) futures and options by 149 million barrels in the week ending Nov. 8 ( http://tmsnrt.rs/2fUSep0 ). The weekly reduction in net long positions was the largest on record, according to an analysis of data published by regulators and exchanges ( http://tmsnrt.rs/2fUUexF ). The […]