Crude oil fell in New York, retreating from yesterday's record, as the dollar recovered from an all-time low against the euro, reducing the appeal of commodities. Oil touched $115.54 a barrel Friday, the highest since futures trading began in 1983, after the dollar sank to $1.5983 versus the euro. The US currency has since strengthened, making commodities such as oil less attractive to investors. Crude oil for May delivery fell as much as $2, or 1.7 percent, to $112.86 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $113.19 at 1:23 p.m. London time. Futures yesterday fell 7 cents to settle at $114.86 a barrel.There is a strong, significant negative correlation between the US dollar and commodities,'' said Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt. Brent crude for June settlement dropped $1.81 to $110.62 a barrel. __
