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The week started with a decline in the oil prices after the reports of lower than expected third-quarter economic growth of China. Brent slipped by 0.4%, to $42.78 a barrel. WTI went down and was traded at $40.70 a barrel. The world's second-largest economy just witnessed a minimal swell of 4.9% in its third quarter. According to the reports, Chinese data on crude processing and industrial metals output is disappointing.