Wall Street pared its losses to trade mixed Tuesday, as oil prices retreated due to a stronger dollar and the U.S. government reducing its oil consumption forecast.
Light, sweet crude futures, which rose above $137 a barrel early in the day, dropped back toward $132 a barrel by afternoon trading on the New York Mercantile Exchange.
The pullback in oil prices, which last week hit a record above $139, encouraged investors to return to the stock market _ particularly the battered financial sector, which took a beating Monday after Lehman Brothers Holdings Inc. reported a larger-than-expected quarterly loss.
"A lot of money is flowing out of the …
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