UPDATE 7-Oil rises on weaker dollar, supply disruptions

                                
 (Updates prices, adds byline)
                                
 By Matthew Robinson
                                
 NEW YORK, April 14 (Reuters) - Oil rose on Monday to a
record close, bolstered by the weaker dollar and supply
disruptions ahead of the U.S. summer gasoline season.
                                
 The U.S. greenback slipped on worries about the gloomy
economic outlook for the world's top consumer, boosting oil and
other dollar-denominated commodities purchased as a hedge
against inflation.
                                
 U.S. crude oil futures <CLc1> settled up $1.62 at $111.76 a
barrel, the highest settlement on record and near the intraday
high of $112.21 hit last Wednesday.
                                
 London Brent <LCoc1> crude rose $1.09 to settle at $109.84
a barrel, after reaching an all-time high of $110.01 in earlier
trading activity.
                                
 A supply disruption in Nigeria as well as the temporary
shutdown of the Capline pipeline, which carries crude from the
U.S. Gulf Coast to the Midwest, also supported prices. The U.S.
branch of Royal Dutch Shell said operations along the line were
restored after the Friday fire. [nN14363787]
                                
 A fire caused by sabotage at the Eni's <ENI.MI> Beniboye
oil flow station in Nigeria caused the loss of 5,000 barrels
per day (bpd) of oil. [nL14123436]
                                
 "There were some supply issues over the weekend with the
Capline leak and the issue with Nigeria," said Mike Zarembski,
senior commodities analyst for optionsXpress in Chicago.
                                
 "Gasoline is soaring to new highs plus the dollar is still
very weak."
                                
 U.S. gasoline futures hit fresh highs on Monday as the
United States gears up for the summer driving season, when
demand traditionally peaks.
                                
 The growing U.S. economic problems and high energy prices
are hurting demand in the giant economy, and the government now
forecasts summer use could drop for the first time in 17
years.
                                
 OPEC's head of petroleum market analysis on Saturday told
the International Monetary Fund's steering committee that
global demand appeared to be softening but added high prices
were not driven by supply shortages.
                                
 "Oil market fundamentals point to a market which is
currently well supplied and the balance is expected to soften
further due to lower seasonal demand in the coming months,"
Mohammad Alipour-Jeddi said in a statement. [nN12283852]
 (Additional reporting by Robert Gibbons and Gene Ramos in New
York; Ikuko Kao in London; Jonathan Leff in Singapore; Editing
by Christian Wiessner)