Mumbai, Feb. 4 -- Oil futures fell below $72 after China imposed tariffs on US coal, LNG, and crude oil, escalating trade tensions. The 15% duty on coal and LNG, along with a 10% tariff on crude and farm equipment, takes effect on February 10. This came after Trump's 10% tariff on all Chinese goods, raising fears of a full-blown trade war. Meanwhile, OPEC and its allies upheld their current production strategy, ignoring Trump's calls to increase supply in its meeting yesterday. At the previous ministerial gathering in December, the alliance decided to delay the start of the easing of the 2.2 million bpd cuts to April 2025, from January 2025. The group also extended the period in which it would unwind all these cuts into the following year, ...