Pumping jacks stand near an Anadarko Petroleum Corp. oil rig site in Fort Lupton, Colorado. U.S. oil explorers idled rigs for the 10th straight week to extend an unprecedented retreat in drilling. Photographer: Jamie Schwaberow/Bloomberg (Bloomberg) — Speculators cut bullish oil bets for a fourth week, missing a market rebound. Hedge funds and other money managers decreased net-long positions in West Texas Intermediate crude by 9.1 percent since Jan. 13, U.S. Commodity Futures Trading Commission data show. Futures climbed for a third week as companies including Apache Corp. and Total SA announced spending cuts. Bad weather kept tankers from loading in southern Iraq and Libya’s production decreased. Baker Hughes Inc. said rigs targeting oil in the U.S. dropped to the lowest in almost five years. “To maintain production growth you are going to have to drill more,” Phil Flynn, senior market analyst at the Price Futures Group in Chicago, […]