Oil investors are hastening their exit from exchange-traded funds, a move that some analysts argue is a form of protection in light of weak market fundamentals ahead. Four of the largest oil-specific exchange traded funds, including the U.S. Oil Fund (USO), had outflows of $478 million in the three weeks to May 6, according to data from ThomsonReuters Lipper, marking the biggest withdrawal since the start of 2014. Oil’s value, which plummeted some 60 percent during a slump that started in June, has made a quick recovery recently. Just this week, it traded above $62 a barrel, its highest level in five months. Still, analysts and traders warn that the unravelling of ETF investments, which amassed nearly $6 billion, may be a warning sign of things to come. While market experts are increasingly mixed over how much ETF outflows effect the futures market directly, they say the […]