Tuesday's ETF Winners & Losers

Updated from 12:15 p.m. EDT with new stock prices

Energy-related exchange-traded funds were the best performers of Tuesday's session as oil prices surged close to $88 a barrel for the first time ever.

Crude was recently up $1.48 to $87.61, having earlier set an intraday record of $87.97 amid conflict between Turkey and Kurdish rebels in northern Iraq.

The United States Oil (USO Quote) ETF was gaining $1.09, or 1.65%, to $66.98. The iPath S&P GSCI Crude Oil Index (OIL Quote) was up 62 cents, or 1.27%, to $49.45. The Ultra Oil & Gas ProShares (DIG Quote) added 32 cents, or 0.27%, to $120.10.

The B2B Internet HOLDRs (BHH Quote) ETF was also advancing after the Federal Trade Commission waived the antitrust waiting period for Fiserv's (FISV Quote) acquisition of ETF holding CheckFree (CKFR Quote). CheckFree shareholders will now need to approve the deal when it votes on Oct. 23.

The B2B Internet HOLDRs ETF was recently up 1 cent, or 0.43%, to $2.36.

On the other hand, several earnings disappointments in the financial sector combined to sink related ETFs. KeyCorp (KEY Quote) said that third-quarter earnings missed targets. The company also guided the fourth quarter below consensus. Regions Financial (RF Quote) and Wells Fargo (WFC Quote) also fell short.

The Ultra Financials ProShares (UYG Quote) slumped $2.02, or 3.45%, to $56.60. The iShares S&P Global Financials (IXG Quote) was off $1.94, or 2.11%, to $89.99. The iShares Dow Jones U.S. Financial Services (IYG Quote) was down $2.44, or 1.97%, to $121.38.

Homebuilders were also among the worst decliners of the day. Following the previous session, Federal Reserve Chairman Ben Bernanke addressed the New York Economic Club about the recent credit crisis and its impact on consumers and the housing sector, noting that "the further contraction in housing is likely to be a significant drag on growth in the current quarter and through early next year."

The iShares Dow Jones U.S. Home Construction (ITB Quote) slid 81 cents, or 3.89%, to $19.99. The SPDR S&P Homebuilders (XHB Quote) was losing 52 cents, or 2.36%, to $21.50.