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A series of US import tariffs on Chinese goods kicked in today, and come with it a dip in the oil prices. Crude Oil WTI Futures were traded at $72.81 a barrel, down by 0.2%. Brent Oil Futures, on the other hand, were rated at $77.15 per barrel, down by 0.31%. The US President, yesterday, confirmed about tariff imposition on $34b of annual Chinese imports, with another $16 billion kicking in coming weeks.