Oil dips in choppy trade after silver pull back-UPDATE 7 04:08 Hours ago: "MARKETS-OIL (UPDATE 7)
* US crude hits falls from highest level since Sept. 2008
* Silver's turn lower bolsters dollar, pressures oil
* Middle East, Nigeria unrest remain supportive to oil
* Coming up: API oil data at 4:30 p.m. EDT Tuesday (Recasts, updates with market activity to settlement)
By Robert Gibbons
NEW YORK, April 25 (Reuters) - Oil prices slipped on Monday in thin, choppy trade as a sell-off in silver from near record highs lifted the dollar off its lows, prompting a bout of profit taking in crude.
Silver surged as much as 8 percent in record volumes for U.S. futures before pulling back sharply when a failure to pierce the all time high from 1980 unleashed a wave of technical selling."