Oil prices rose on Wednesday, as U.S. financial markets bounced back from a early Brexit-like slide that followed Donald Trump's surprise victory in the U.S. presidential election.
Crude had tumbled as much as 4 percent early in the session, in the immediate aftermath of the U.S. presidential election results. U.S. crude tumbled to near $43, a near two-month low.
The selloff was part of a broad-based market reaction where investors fled risky assets such as stocks and the dollar , which have since turned positive as well.
U.S. crude settled up 29 cents at $45.27, off a session low of $43.07.
Brent crude was up 31 cents, or .67 percent, at $46.35 a barrel by 2:41 p.m. ET (1741 GMT), after falling to $44.40, the lowest since Aug. 11.