As oil prices have soared, hedge funds and other big investors have amassed a record number of bullish bets on crude, putting the market at risk of a swift fall if the outlook sours, analysts say. Crude is trading at its highest level in more than three years, helped by rising geopolitical risk in the Middle East and output cuts by OPEC and other major producers. The global oil glut that helped sink prices to decade lows has receded and a strong global economy is expected to keep demand for crude high. On Friday, Brent was trading up 0.1% at $73.86 a barrel while West Texas Intermediate was up 0.1% at $68.37. Brent is up 9.5% in the past month and hasn’t been this high since November 2014. Last week, hedge funds and other big money managers increased their net-long position—a bet on rising prices—in Brent to the highest […]