Oil Prices Got Over $50

Oil prices bounced back above $50 on Wednesday after Bush?s victory in the yesterday?s presidential election.

U.S. light crude futures rose 63 cents to $50.25 on the New York Mercantile Exchange.
London?s Brent crude was up 57 cents at $47.12 a barrel on the International Petroleum Exchange.

Traders said a second Bush administration would continue filling U.S. emergency oil stockpiles and could stoke traders' nerves about U.S. policy in the oil-producing Middle East.