NYMEX crude down as dollar rises, UK strike ends

NEW YORK, April 29 (Reuters) - U.S. crude oil futures fell on Tuesday as the dollar strengthened against the euro and a strike at Britain's Grangemouth refinery ended.

"The U.S. dollar is firming again, today, undercutting one of the financial supports for the oil price, although again not necessarily committing to a reversal of the larger trend," Timothy Evans, analyst at Citi Futures Perspective, wrote in a research note.

On the New York Mercantile Exchange at 10:52 a.m. EDT (1452 GMT), June crude CLM8 was down $1.98 or 1.67 percent at $116.77 a barrel, trading from $115.80 to $118.84.

Monday's $119.93 record peak eclipsed the $119.90 record high from April 22.

In London, June Brent crude LCOM8 was down $1.87 or 1.6 percent at $114.87 a barrel, trading from $113.87 to $116.74.

The dollar strengthened against the euro <EUR=> Tuesday amid expectations the Federal Reserve will signal the end of its interest rate easing campaign. [USD/]

The Fed will begin its two-day meeting later on Tuesday.

Workers and management at Britain's Grangemouth refinery were to hold talks after a two-day strike. [ID:nL29603011]

The Forties pipeline, halted by the strike, was to resume moving oil on Tuesday, pipeline operator BP (BP.L: Quote, Profile, Research) said.