Crude oil futures were higher during mid-morning Asia trade Monday as concerns of a US-China trade war abated after US Secretary Steven Mnuchin said that both countries were "putting the trade war on hold" as they worked out an agreement. SEE MORE Nearly 90% of the projected 1.7m bbl/day crude supply growth expected this year from non-OPEC countries is likely to come from the US, with the country also standing as the key driver of global uncertainty in the market, club of oil-producing nations OPEC said on Monday. SEE MORE Malaysia’s petrochemical trades may receive a boost from increased liquidity when the 6.0% goods and services tax (GST) is scrapped on 1 June, although some market players expect to take cost-related hits from inventory on hand. SEE MORE The Ministry of Finance has proposed a rise of environmental protection tax on petrol to the ceiling level of VND4,000 ($17 cent) per litre from the current VND3,000 ($13 cent) per litre. SEE MORE China cast doubt on reports that it had offered to reduce its annual trade surplus with the U.S. by $200 billion through increased imports of American products. SEE MORE