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Wolves defender Richard Stearman told Sky Sports: "We had a few chances and it is unfortunate for them they chucked one at us at the end there.
"It was rough and ready and certainly physical, so I think a draw was a fair result.
"We've got to keep picking up points and see where that takes us."
BBC Radio 5 live
"Allan McGregor has made so many telling saves for Hull over the last couple of years.
"It was uncharacteristic from him, it was a simple catch with no pressure but he allowed the ball to slip through his fingers. Steve Bruce won't be too critical on his goalkeeper but that's ultimately what's cost his team."
Hull City captain Michael Dawson told Sky Sports: "We didn't start well enough and they were on the front foot.
"Overall it was probably a fair result, they had the better chances
"We want to be back in the Premier League and so do I so that is the aim."
BBC Radio 5 live
"Steve Bruce knows how to get out of this division, he gets his side well organised and difficult to break through. They didn't play particularly well overall in 90 minutes yet still created three or four really good chances.
"I think both managers will be reasonably happy with the point. I think both of these sides will be there or thereabouts at the end of the season."
Both teams will have to settle for a point.
Nikica Jelavic's first-half penalty cancelled out after Allan McGregor spilled a cross and allowed James Henry to head home.
Brighton are the only team in the Championship with a 100% record in the Championship after two matches.
Wolves launch it forward but a free-kick is give to Hull City.
Last chance for either to launch an attack...
Hull forward Chuba Akpom again with the shot, but this one is not on target as it sails over.
Adam Le Fondre on for Wolves, replacing Nouha Dicko as two minutes extra will be played.
Wolves are struggling to keep hold of it at the moment, with Hull bossing possession.
Can they find a late winner?
Gaps are beginning to appear in the Wolves defence and Chuba Akpom lashes a near-post effort towards goal which is well parried by Emiliano Martinez.
Good few minutes this for Hull.
Wolves defenders seemingly back off a Tigers counter attack and Chuba Akpom's strike is well saved by Emiliano Martinez.
Then Tom Huddlestone attempts a long-range dipping effort from 35 yards that drifts a few metres over the crossbar.
Sheyi Ojo powers down the left wing but Wolves lose possession when Scott Golbourne looks to deliver a cross.
Final change for Hull.
Sam Clucas comes off for forward Calaum Jahraldo-Martin. A name like that is a nightmare for us live text commentators.
A break from Sone Aluko gets him into Wolves territory, but as he attempts a through ball to Nikica Jelavic the ball ricochets off two players.
The home fans unhappy with a late challenge on Kevin McDonald on the edge of the area.
As play continues, Nouha Dicko is unable to control and turn inside the area.
Good build-up play again by Wolves now, but the delivery again is a poor one.
Too many times this afternoon Kenny Jackett's side have struggled for quality at times in the final third.
The game is spreading now, with lots of space appearing for the attackers.
Hull are enjoying much more possession than before at the moment - this game could go either way as the cliche would say.
Wolves have now made that change with Sheyi Ojo on for goalscorer James Henry.
Hull also tweak things with Sone Aluko replacing Ahmed Elmohamady.
Both managers making positive substitutions.
BBC Radio 5 live
"Akpom should scored, he really should. The goal is open for him, and he hits the post."
David Meyler drives forward and lays in Nikica Jelavic.
The Croatian does well to keep it in and gives it back to Chuba Akpom whose first-time strike hits the post.
BBC Radio 5 live
"What absolute quality build up. It was a lovely weighted pass from Kevin McDonald and Afobe puts in a really good ball right across the six-yard box. I think Dicko has just tried to let the ball hit him - he's got it horribly wrong."
Brilliant build up this from Wolves.
Kevin McDonald lifts a ball into the path of Benik Afobe and he finds his strike partner Nouha Dicko but he is unable to adjust his body to direct the ball goalwards at the edge of the six-yard box.
Chances beginning to come at regular intervals now.
First, Hull sub David Meyler tests Emiliano Martinez from 30 yards but it is easily saved before Nouha Dicko fires the ball at Allan McGregor from inside the area.
The Scotland keeper gets more ironic cheers which I think he is going to have to get used to for the rest of the game.
Good football again by Wolves who are going through the gears.
A low cross finds Dave Edwards, but the midfielder is put under pressure by Michael Dawson and does not make a clean connection towards goal.
First proper sight of goal from Hull City since the equaliser as Tom Huddlestone curls a free-kick just over from the edge of the area.
At the other end, Benik Afobe nearly gets in as he muscles off two defenders before being stopped by a sliding challenge.
Wolves boss Kenny Jackett has now opted not to make a change following the goal.
On-loan Liverpool winger Sheyi Ojo was primed to enter but will have to wait as his side ramp up the pressure.
BBC Radio 5 live
"That's a huge mistake from Allan McGregor. He's an excellent shot-stopper, he's been very good for Hull - that's very uncharacteristic from him.
"He'll just be hoping that Scotland manager Gordon Strachan won't hold it against him with big internationals coming up."
The home fans, who have been backing their side throughout, have just taken the noise levels up a notch.
A looping header from Dave Edwards is gathered this time by Allan McGregor. Ironic cheers blast out around Molineux.
Oh dear, Allan McGregor.
An innocuous looking cross from Nouha Dicko comes in and the Hull goalkeeper jumps to gather under no pressure. It spills horribly through his hands and James Henry stoops to head home probably his easiest ever goal.
Credit to him for following in and a deserved equaliser for Wolves.
David Meyler on for Hull City as he replaces one of three Arsenal loanees on show today, Isaac Hayden.
Wolves look like they're about to make a change too...
First bit of possession in the Wolves half for Hull after the break.
A neat passing moves ends with them playing it back to keeper Allan McGregor and a few boos head his way from the home supporters.
Corner worked well by Wolves, as it is pulled back to Afobe - his shot from 12 yards is unable to get through a wall of defenders.
Still Wolves come. First James Henry and then Benik Afobe have shots blocked by onrushing Hull defenders.
Big penalty appeals from Afobe's shot by the home fans, but the replay shows it comes off his neck. Corner to Wolves as pressure builds...
Bright sunshine now in Wolverhampton as the game settles into a familiar feel, with the hosts enjoying the majority of the ball.
The Wolves front two nearly combine well in the area, but the passing is not quite precise enough.
Another good start of a half by Wolves.
First the initial break by Benik Afobe, and when the ball comes back in midfielder Dave Edwards swings a left foot at it, but it flies over.
We're back underway at Molineux.
We've got you covered throughout the afternoon as well.
After we are done at MolinuexBBC Sport will have you covered in the Premier League for Crystal Palace v Arsenal and Man City v Chelsea as well as Reading against Leeds in the Championship.
In League One, it's Wigan 0-0 Doncaster after half an hour.
What did you make of that first 45 minutes at Molineux?
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So despite spending large periods of that half defending, Nikica Jelavic's penalty has Hull ahead at the break.
Wolves boss Kenny Jackett will be pleased with what he has seen from his team but they are lacking a cutting edge at the moment.