RPT-UPDATE 2-Hedge funds' bullish exposure to U.S. oil near 5-year low

(Repeats Friday story with no changes to text) (Adds U.S. rig count rise in paragraph 9) By Barani Krishnan July 31 (Reuters) - Hedge funds and other speculators have slashed their bullish exposure to U.S. crude to the lowest in nearly five years, trade data showed on Friday, as local drillers continue to add rigs and pump at full throttle despite a global oil glut. U.S. crude prices posted their largest monthly decline since the 2008 financial crisis on Friday, ending down 21 pe