Investors love Opec - as long as it sticks to supply cuts

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.