Notable ETF Movers of the Day 11/16: (USO) (VXX) (SMH) Higher; (FXI) (XLF) (UNG) Lower

• United States Oil (NYSE: USO) up 2.45 percent to $39.37. Crude prices moving higher Wednesday, following news that the Seaway pipeline, which runs from the Gulf of Mexico to Cushing, Oklahoma, will be reversed, allowing for crude to reach refiners further south. In other news, crude inventories fell about 1.06 million barrels, which was largely in-line with views.
  
  
• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.59 percent to $44.83. The CBOE VIX is up 1.2 percent on the session as investors and traders keep eyes toward Europe. Earlier, Bank of England Governor Mervyn King issued a stark warning earlier, saying the UK could see a "markedly weaker" economy moving forward as the Euro crisis is seemingly spinning further out of control. Also, Italy's UniCredit may seek assistance from the European Central Bank to broaden the amount of collateral that banks can provide in exchange for funding.
  
  
• Semiconductor HOLDRS (NYSE: SMH) up 0.44 percent to $32.26. The move is being led by Texas Instruments, which is over 2 percent better on the session, as a tear down by iFixit revealed that TI provided several key components for Amazon's (Nasdaq: AMZN) Kindle Fire.

• iShares FTSE China 25 Index Fund (NYSE: FXI) down 2.43 percent to $36.87. China stocks moved lower following reports that light monetary policies in China are hurting earnings for companies. European debt issues also weighed on China.
  
  
• Financial Select Sector SPDR (NYSE: XLF) down 1.00 percent to $12.90. Financials moving lower on the session as European concerns still linger. The move is being led by Citi (NYSE: C), which is rumored to possibly cut 3,000 jobs, according to reports Wednesday. Citi is off about 2.4 percent on the session.
  
  
• United States Natural Gas (NYSE: UNG) down 1.40 percent to $7.73. Nat gas still seeing weakness on milder weather for much of the Midwest and East Coast, as well as economic data this morning. Nat gas December contracts are $0.033 lower to $3.371 per mmBtu on the Comex.

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