The U.S. trade deficit widened for a second straight month in November by 6.10% to 45.2 USD Billion as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter.
The U.S. trade deficit widened for a second straight month in November by 6.10% to 45.2 USD Billion as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter.
US Oil production was risen by 6.06% in October 2016 on month on month basis to 273.008 million barrels ,US oil imports were down 2.44% month on month at 235.827 million barrels. Year on year basis US oil production was down 6.08% and oil imports were up 6.83%.
US Trade deficit and US oil production
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