Updated from 11:45 a.m. EDT with new stock prices

Exchange-traded funds tracking crude oil were the best performers of Wednesday's session, as a bullish inventory report from the Energy Department sent oil prices above the $94-a-barrel level.

Earlier, the Energy Department said oil stocks unexpectedly dropped by 3.9 million barrels last week, compared with expectations of a slight advance. A day after crude dropped 3.4%, the December contract was up today at $94.53 a barrel.

The

United States Oil

(USO) - Get Report

ETF was rising $3.74, or 5.4%, to $73.28. The

iPath S&P GSCI Crude Oil Index

(OIL) - Get Report

added $2.70, or 5.2%, to $54.29. The

Ultra Oil & Gas ProShares

(DIG) - Get Report

was up $4.41, or 4%, to $113.50.

Bundled securities following Asian markets were also higher during the current session. Overnight, China's CSI 300 Index advanced 1.7%, and indices in India, South Korea and Japan also finished higher.

The

iPath MSCI India Index

(INP)

was recently up $3.81, or 4.3%, to $91.81. The

iShares MSCI South Korea Index

(EWY) - Get Report

was higher by $2.60, or 3.6%, to $74.85. The

SPDR S&P China

(GXC) - Get Report

climbed $ 4.04, or 3.7%, to $113.20.

On the other hand, several of the HealthShares ETFs were losing ground after Germany-based

GPC Biotech

released disappointing results of a phase III clinical study for its prostate cancer treatment. Shares were off more than 58% overseas, while

Spectrum Pharmaceuticals

(SPPI) - Get Report

, which licensed the treatment in 2002, dropped 8.5%.

The

HealthShares Emerging Cancer

(HHJ)

shed 70 cents, or 3.4%, to $19.86. The

HealthShares GI/Gender Health

(HHU)

was down 85 cents, or 3.4%, to $23.98. The

HealthShares Cardiology

(HRD)

was off 19 cents, or 0.8%, to $23.61.

The

Internet Infrastructure HOLDRs

(IIH)

was also losing ground after Deutsche Securities downgraded holding

Akamai Technologies

(AKAM) - Get Report

to hold from buy. The stock was recently down 1.4%, and the Internet Infrastructure HOLDRs was falling 3 cents, or 0.5%, to $5.75.