Oil price recovers from initial fall after U.S. election result

By Alex Lawler LONDON (Reuters) - Oil reversed most of its early losses of almost 4 percent to trade around $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. The result caused an initial flight from risky assets in a move analysts compared with the reaction of markets in June to the news that Britons had voted to leave the European Union. U.S. crude was down 20 cents to $44.78.