Hedge funds slashed bullish bets on crude to a record low, with markets gripped by concerns about excess supplies and mounting skepticism that OPEC+ will deliver all the supply cuts it has promised. Money managers cut net long positions in the West Texas Intermediate and Brent benchmarks by 59,094 lots to 149,272 in the week ended Dec. 12, the lowest in exchange and regulatory data going back to 2011. The bearish move was driven by short-only bets surging to the highest in almost four years, while long-only bets continued to retreat, according to figures from ICE Futures Europe and the Commodity Futures Trading ... (full story)