Flood of oil ETF investors reshaping market, analysts say
'Massive' inflows cushioned oil price drop in early 2015, but could easily reverse
The crash in oil prices in late 2014 and early 2015 challenged long-standing assumptions about the workings of the oil market and prompted a number of tough questions. How will Saudi Arabia respond to low prices? Are US shale producers now setting the marginal price of a barrel of oil? And, above all, has the market reached the bottom yet?
In recent months, as prices have levelled off, some analysts have started asking another intriguing question: are exchange-traded funds (ETFs) propping up the
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