U.S. oil prices steady ahead of election, but oversupply still weighs

Gains, however, were capped by a rallying dollar .DXY on Clinton's improved prospects, making greenback-denominated oil more expensive for holders of other currencies, and by doubts over OPEC's planned production cuts.

U.S. West Texas Intermediate (WTI) crude CLc1 settled at $44.89 per barrel, up 82 cents, or 1.9 percent. Brent crude LCOc1 ended 57 cents, or 1.3 percent, higher at $46.15 a barrel.