WTI faces selling pressure as investors fear escalation of US-China tensions. Asian equities drop, Hong Kong's Hang Seng drops 4%. China plans to impose a national security law on Hong Kong. Oil is flashing red on Friday amid risk aversion in the Asian equity markets. West Texas Intermediate's (WTI) front-month contract is trading near $31.80 at press time, representing a 6.3% drop on the day. Meanwhile, Japan's Nikkei index is down 0.55% and Hong Kong's Hang Seng is reporting a 4% decline. Other major indices are also facing selling pressure. Investors are shunning risk, possibly due to fears that China's decision ... (full story)