At the end of the week, oil growth is weak. Brent on November contracts is trading slightly above yesterday’s closing price; at $50.2. WTI with November delivery is up a little more and is stood at around $47 per barrel. Growth in the quotes is being held back by negative oil reserve stats from the US. According to the EIA, last week’s oil reserves were up by 7.562 million barrels.
Source:: Brent Trading $50.2