Wall Street is mixed as crude oil prices rebound

Wall Street traded mixed Tuesday as oil prices ratcheted higher and as speculation grew that the Federal Reserve might raise interest rates to fight inflation.

The International Energy Agency said oil-producing nations outside OPEC are having a tough time keeping up with demand. The agency lowered its forecast for global oil demand because of the recent surge in prices, but said China might need more for reconstruction in the aftermath of May's earthquake.

This sent a barrel of light, sweet crude up $2.71 to $137.06 on the New York Mercantile Exchange. Crude prices last week climbed to a record $139.12.

Meanwhile, comments from Federal Reserve …