Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. U.S. West Texas Intermediate crude CLc1 was up 31 cents, or 0.6 percent, at $53.71 a barrel at 0218 GMT (9:18 p.m. ET on Monday), after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday. Brent futures LCOc1 gained 6 cents, or 0.1 percent, to $56.24 a barrel, after ending the previous session up 0.7 percent. Investors now hold more crude futures and options than at any time on record, after members of the Organization of the Petroleum Exporting Countries (OPEC) committed last year to cut production. Speculators raised their bets on a rally in Brent oil prices to […]