LONDON (Reuters) - For all the bullish commentary about oil prices at the moment, hedge fund managers have continued to take profits after the recent rally and are trimming their net long positions rather than adding to them. Focusing on what people do rather than what they say is one of the most important lessons for any good analyst (actions always speak louder than words). Hedge funds and other money managers cut their net long position in the six most important petroleum futures and options contracts by 16 million barrels in the week to May 15 (tmsnrt.rs/2Li5RO7).