Oil falls on higher U.S. crude inventories, strong dollar

By Karolin Schaps LONDON (Reuters) - Oil prices shed more than one percent on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after weekly U.S. crude stocks rose beyond expectations and a strong dollar weighed on commodities. Global benchmark Brent crude was down 53 cents at $46.42 a barrel at 1217 GMT. U.S. crude was 63 cents lower at $45.18 a barrel.