Core Insights - The U.S.-China trade truce led by President Donald Trump may be overshadowing concerns regarding a potential record-high global surplus of crude oil anticipated for the next year [1] Group 1 - The trade truce between the U.S. and China is a significant geopolitical development that could impact global markets [1] - A new report indicates a potential record-high global surplus of crude oil, raising alarms in the industry [1]