Hedge funds cut their bullish wagers on U.S. crude in the latest week to the lowest level in nearly a year, data showed on Friday, as U.S. inventories rise and the market grapples with uncertainty ahead of U.S. sanctions on Iran. The speculator group cut its combined futures and options position in New York and London by 13,459 contracts to 333,109 in the week to Oct. 2, the U.S. Commodity Futures Trading Commission (CFTC) said. Money managers cut gross long positions in NYMEX U.S. crude to the lowest level in a year. Brent crude speculators cut net long positions by 14,398 contracts to 481,945 in the period, from a more than four-month high, data from Intercontinental Exchange showed. In the United States, refinery maintenance has pushed crude oil inventories higher, raising concerns about oversupply as domestic production has surged to a record 11 million bpd. […]