CNBC | BREAKING: Oil prices wobble as US fuel stockpiles fall, but crude inventories rise CNBC Oil reversed most of its early losses of almost 4 percent to trade near $46 a barrel on Wednesday, as the market recovered from an initial Brexit-like reaction to Donald Trump's surprise victory in the U.S. presidential election. Priced bounced around ... Oil price recovers from initial fall after U.S. election result | Reuters Oil slips as Trump's victory sinks in |