Hedge funds and money managers cut their bullish wagers on U.S. crude for the second week in a row, data showed on Friday, even as prices rose amid geopolitical tensions but gains were limited by the threat of a trade war between the United States and China. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford/File Photo The speculators group cut its combined futures and options position in New York and London by 3,275 contracts to 441,634 in the week to April 10, the U.S. Commodity Futures Trading Commission (CFTC) said. Gross long positions on the New York Mercantile Exchange fell to the lowest level since early January, the data showed. The cut came as U.S. crude inventories rose unexpectedly last week as imports jumped and production increased to another […]