Bets on falling WTI crude price drop 53% in three weeks: CFTC OPEC reached preliminary accord Sept. 28, next meeting Nov. 30 Oil investors must be getting dizzy. In the two months since OPEC began talking about capping production, speculators’ sentiment has swung wildly, with government and exchange data showing the four biggest weekly position changes ever for the two global benchmark crudes. The latest shift is to optimism, with money managers the most bullish on West Texas Intermediate oil in two years. “Since the summer we’ve had big moves in net length,” said Mike Wittner, head of oil-market research at Societe Generale SA in New York. “It usually has trended up or down over a couple of months. Now this is happening in a matter of weeks. We’re seeing huge shifts.” Money managers reduced bets on lower WTI prices by more than half in the past three weeks […]