Hedge funds are the least bullish on crude in 10 weeks as talks resumed on a nuclear accord with Iran that could lift sanctions and swell supply. Money managers trimmed their net-long wagers on West Texas Intermediate by 1.3 percent in the week ended June 23, U.S. Commodity Futures Trading Commission data show. Shorts rose 8.9 percent while long positions increased 0.7 percent. U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif met June 27 in Vienna. Iran says it could double oil exports from 1 million barrels a day within six months if sanctions are lifted. An agreement would come as the Organization of Petroleum Exporting Countries pumps the most in almost three years and U.S. production approaches a record. “Any agreement is going to have some easing of sanctions, allowing the immediate sale of some level of crude into a market that’s already […]