U.S. crude falls by over $1 on crude stocks, stronger dollar
The American Petroleum Institute (API) said crude inventories fell 860,000 barrels for the week ended May 20, compared with analyst expectations for a 1.3 million-barrel draw.
U.S. crude for July was down $1.09 at $98.51 a barrel by 0420 GMT.
(Reporting by Francis Kan; Editing by Ed Lane)