Flood of oil ETF investors reshaping market, analysts say

'Massive' inflows cushioned oil price drop in early 2015, but could easily reverse

Oil barrels
Some analysts have started asking: are ETFs propping up the price of oil?

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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