Friday's ETF Winners & Losers

Oil-related exchange-traded funds were the best performers of Friday's session, as crude prices reversed early losses and pushed above the $61-a-barrel level.

The

iPath Goldman Sachs Crude Oil Index

(OIL) - Get Report

ETF was up 1.1% to $38.14, and the

United States Oil

(USO) - Get Report

ETF was adding 0.9% to $51.78.

The

Telecom HOLDRs

(TTH)

ETF was higher after phone giant

AT&T

(T) - Get Report

offered regulators new concessions in a bid to get its merger with regional carrier

BellSouth

(BLS)

approved. The deal is now valued at around $85 billion. The ETF was higher by 25 cents, or 0.7%, to $35.47.

On the flip side, exchange-traded funds tracking gold and mining stocks were among the losers. The

Market Vectors Gold Miners

(GDX) - Get Report

ETF was losing 1% to $39.76. The

SPDR Metals & Mining

(XME) - Get Report

ETF was giving back 0.9% to $49.20.

Meanwhile, ETFs related to basic materials were also suffering. The

Vanguard Materials

(VAW) - Get Report

ETF was recently lower by 0.6% to $70.77. The

iShares Dow Jones U.S. Basic Materials

(IYM) - Get Report

ETF was off 0.7% to $59.10.

The

PowerShares Lux Nanotech

(PXN)

ETF was also losing ground after holding

Arrowhead Research

(ARWR) - Get Report

was sliding by nearly 3%. The ETF was falling by 13 cents, or 0.8%, to $17.26.