NYMEX crude jumps to record on dollar drop, supply

NEW YORK, April 22 (Reuters) - U.S. crude oil futures surged on Tuesday, reaching a record near $120 as the weak dollar and Nigerian and U.K. supply snags continued to lift crude and refined products futures to record highs.

"The trend is up and the market didn't break down when it moved lower in the morning, and you have the weak dollar and the supply disruptions are in the mix," said Eric Wittenauer, analyst at Wachovia Securities.

On the New York Mercantile Exchange at 1:50 p.m. EDT (1750 GMT), May crude CLK8 was up $1.78 or 1.52 percent at $119.26 a barrel, trading from $116.85 to a record $119.90, racing past Monday's $117.83 record peak.

The May contract expires on Tuesday.

In London, the front-month June Brent crude LCOM8 contract was up $1.80 or 1.57 percent at $116.23 a barrel, trading from $113.94 to a record $116.75.

NYMEX May RBOB RBK8 was up 3.20 cents or 1.07 percent at $3.0111 per gallon, trading from $2.9556 to to a record $3.0230, eclipsing Monday's $3.0040 record peak.

The RBOB crack spread <0#RB-CL=R> on Tuesday was at $7.23 after ending at $7.64 on Monday.

May heating oil HOK8 was up 1.87 cents or 0.56 percent at $3.3301 a gallon, trading from $3.2806 to a record $3.35, surpassing Monday's $3.3309 peak.

The heating oil crack spread <0#CL-HO=R> on Tuesday was at $20.62 versus $21.60 on Monday.