Exchange-traded funds tied to natural gas were on the rise Wednesday, as prices surged a day before the latest inventory report.

Recently, natural gas jumped 25 cents to $6.18 per million British thermal units. According to Bloomberg, natural gas inventories rose by 61 billion cubic feet last week. The data from the Energy Department is due at 10:30 a.m. EDT Thursday.

The United States Natural Gas ( UNG) ETF was up $1.41, or 3.8%, to $38.39, a gain of 12% so far this week. The First Trust ISE-Revere Natural Gas ( FCG) ETF was adding 56 cents, or 2.9%, to $19.70.

Crude oil-related ETFs were also on the rise following bullish inventory data. Earlier, crude oil topped $79 a barrel for the first time ever, after the Energy Department said that crude stocks dropped a greater-than-expected 7.1 million barrels last week. The front-month October contract was recently up 67 cents to $78.90.

The Ultra Oil & Gas ProShares ( DIG) was rising $2.12, or 2.1%, to $102.95. The PowerShares Dynamic Energy ( PXI) was up 53 cents, or 1.6%, to $33.51. The SPDR S&P Oil & Gas Exploration & Production ( XOP) ETF gained 84 cents, or 1.9%, to $45.62.

Bundled securities tracking the biotech sector were also higher thanks to Amgen ( AMGN). Earlier, UBS upgraded Amgen to neutral from sell after the Food and Drug Administration panel rejected a proposal that would limit the use of anemia drugs.

The Biotech HOLDRs ( BBH) was higher by $1.92, or 1.1%, at $174.18. The First Trust Amex Biotechnology Index ( FBT) was adding 24 cents, or 1%, to $25.42. The iShares Nasdaq Biotechnology ( IBB) was up 73 cents, or 0.9%, to $82.43.

On the other hand, ETFs tracking silver futures were among the worst performers of Wednesday's session, as silver lost 13 cents to $12.70 an ounce. Gold and copper were also trading weaker.

The PowerShares DB Base Metals ( DBB) was down 23 cents, or 0.9%, to $24.79. The iShares Silver Trust ( SLV) slid $1.32, or 1%, to $125.08. The PowerShares DB Silver ( DBS) was off 26 cents, or 1%, to $24.74.

If you liked this article you might like

Paradigm Opportunity Protects Investors in Tough Times

Paradigm Opportunity Protects Investors in Tough Times

5 Things You Need to Know Before the Stock Market Opens (Correct)

5 Things You Need to Know Before the Stock Market Opens (Correct)

U.S. Investors Brace for a Third Bailout in Greece

U.S. Investors Brace for a Third Bailout in Greece

5 Things You Need to Know Before the Stock Market Opens

5 Things You Need to Know Before the Stock Market Opens

40 Hedge Funds' Best Stocks Show the Way for 2012 (Update 1)

40 Hedge Funds' Best Stocks Show the Way for 2012 (Update 1)