Crude prices remained rangy as.........>

US OIL CLOSE: Crude prices remained rangy as market players continued to assess

the impact of Hurricane Harvey. NYMEX October light sweet crude oil futures

settled up $1.27 at $47.23 per barrel, after trading in a $46.56 to $47.47

range.

- Thursday's low of $45.58 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.

- Baker Hughes rig count data, released Friday, showed no change in U.S.

"oil-only" rigs, which remained at 759 rigs in the week ending Sept. 1. This is

less than double the 407 rigs seen a year ago. Rigs are still down 52.8% from

the peak rig count of 1,609 rigs seen Oct. 10, 2014.