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Oil prices have fallen after a rise in US-China tensions that was spurred by Beijing moving to impose security laws on Hong Kong. Brent crude dipped 4.9% to $34.40 per barrel whilst WTI crude dropped 5.7% to $32 per barrel. The oil sell-off came after China said it would impose security laws on semi-autonomous city Hong Kong. That caused Hong Kong’s Hang Seng index to plunge more than 5% overnight.