Updated from 12:50 p.m. EDT with new stock prices

Exchange-traded funds related to crude oil were among the worst decliners of Tuesday's losing session, as oil prices pulled back sharply from record highs.

Last time out, the December crude contract set a record close of $93.53 a barrel, but prices were recently down at $90.38 a barrel. Several oil companies fell in lockstep with the slide in oil prices, including

ConocoPhillips

(COP) - Get Report

,

ExxonMobil

(XOM) - Get Report

,

Valero

(VLO) - Get Report

and

Chevron

(CVX) - Get Report

.

Among ETFs, the

Ultra Oil & Gas ProShares

(DIG) - Get Report

was down $7.58, or 6.5%, to $109.13. The

SPDR S&P Oil & Gas Equipment & Services

(XES) - Get Report

was losing $1.60, or 4%, to $38.39. The

Oil Services HOLDRs

(OIH) - Get Report

was off $7.91, or 4.1%, to $185.71. The

iShares Dow Jones U.S. Oil Equipment Index

(IEZ) - Get Report

slid $2.45, or 3.8%, to $61.53.

ETFs tracking the financial sector were also under pressure after the

Merrill Lynch

(MER)

said embattled CEO Stan O'Neal has decided to leave the firm, effective immediately. Rumors of O'Neal's departure had boosted the stock 10.7% higher over the previous two sessions, but shares of Merrill were recently down 2.8%.

The

Ultra Financials ProShares

(UYG) - Get Report

declined by 82 cents, or 1.5%, to $54.17. The

TST Recommends

iShares Dow Jones U.S. Broker-Dealers

(IAI) - Get Report

was lower by 61 cents, or 1.1%, to $54.03. The

Financial Select Sector SPDR

(XLF) - Get Report

was recently down 38 cents, or 1.1%, to $33.42.

Bundled securities tracking the homebuilding sector were up, however. Among individual names,

Hovnanian

(HOV) - Get Report

,

Toll Brothers

(TOL) - Get Report

,

Pulte Homes

(PHM) - Get Report

and

Beazer Homes

(MTH) - Get Report

were all higher.

The

iShares Dow Jones U.S. Home Construction

(ITB) - Get Report

was up 15 cents, or 0.7%, to $21.43. The

SPDR S&P Homebuilders

(XHB) - Get Report

was climbing 30 cents, or 1.3%, to $22.80.

Real estate-related ETFs were also among few winners after

Vornado Realty Trust

(VNO) - Get Report

posted third-quarter revenue that beat expectations. The realty company also reported funds from operations that matched estimates.

The

Vanguard REIT Index

(VNQ) - Get Report

ETF was adding 84 cents, or 1.2%, to $71.34. The

iShares FTSE Nareit Retail

(RTL) - Get Report

was up 87 cents, or 2%, to $44.50.