Tag Archive: WTI oil

The U.S. “Oil Trade Deficit” Narrows

The United States trade balance has strengthened to a deficit of only -34.2 bln USD in June 2013. This is nearly half the record-high trade deficit of 62 bln. $ in August 2008 and not too far from record-lows of 26 bln. $ in July 2009, when oil was really cheap. In the first six … Continue reading »

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