ETFs related to oil were among the best performers Friday. Crude prices spiked after the National Hurricane Center said a tropical depression headed toward the Gulf of Mexico may be upgraded to tropical storm status. Oil for October delivery rose 74 cents to $73.10 a barrel.
The iShares Dow Jones U.S. Oil & Gas Exploration Index (IEO) was higher by 1.5% to $50.83, the PowerShares Dynamic Energy Exploration (PXE) ETF was gaining 1.1% to $19.75, and the Energy Select Sector SPDR (XLE) ETF was up 0.8% to $58.21.
In addition, other commodities were trending higher as well. The iShares Silver Trust (SLV) ETF was higher 40 cents, or 0.3% to $124, while the streetTRACKS Gold Shares (GLD) ETF was up 11 cents, or 0.2% to $61.86.