A weaker dollar and a rethink of.......>

US OIL CLOSE: A weaker dollar and a rethink of Hurricane Harvey's impact on

production saw crude prices recovering Thursday.

- NYMEX October light sweet crude oil futures settled up $1.27 at $47.23 per

barrel, after trading in a $45.58 to $47.47 range. Thursday's low was the lowest

since July 24, when the front contract posted a low of $45.40.

- The front contract peaked August 10 at $50.22. This came after topping out at

$50.43 August 1 and $50.41 July 31, which was also the last time West Texas

Intermediate closed above the $50 mark.

- Most recently, WTI topped out at $52.00 May 25, before the announcement of a

nine-month extension of OPEC/non-OPEC production cuts. The extension was largely

priced in and oil fell to $42.05 on June 21.