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Oil falls as U.S. rights bill fuels tensions with China

November 28, 2019 / Reuters

Oil prices fell for a second consecutive day on Thursday after U.S. President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China. Brent crude was down 64 cents, or 1%, at $63.42 a barrel by 1609 GMT. West Texas Intermediate crude fell 31 cents, or 0.5%, to $57.80, with many U.S. traders away for the Thanksgiving holiday. China warned the United States that it would take “firm countermeasures” in response to U.S. legislation backing anti-government protesters in Hong Kong.