Oil speculators bet right on prices after a fire at a refinery supplied by the biggest U.S. crude hub curbed demand and drove futures to a six-month low. Hedge funds and other money managers trimmed their net-long position again in the week through July 29, extending the drop from this year’s peak in June to 22 percent, U.S. Commodity Futures Trading Commission data show. West Texas Intermediate crude fell 6.8 percent in July, the most in more than two years. CVR Energy Inc. (CVI) shut the Coffeyville refinery in Kansas after a fire July 29, reducing purchases from Cushing, Oklahoma , the delivery point for New York futures. Refiners cut back operating rates as gasoline demand dropped and fuel stockpiles increased. “Coffeyville strikes right at the heart of Cushing and it’s going to have an outsized impact on Cushing inventories,” said John Kilduff , a partner at Again Capital […]