Investors love Opec - as long as it sticks to supply cuts
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New York
INVESTORS are betting big that Opec's cuts are real.
Money managers are the most bullish ever on West Texas Intermediate crude for a second week as signs show that Opec and other nations are slashing production. The group cut supply by 840,000 barrels a day last month, according to a Bloomberg survey, and Russia, the largest of the non-members taking part in the deal, reduced output by 117,000 barrels a day.
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