Tag: US Trade Deficit

Low oil prices, increased exports lead to drop in US current account deficit

Low oil prices reduce value of oil imports, lower trade deficit WASHINGTON – Cheaper oil imports and greater U.S. exports lowered the deficit in the broadest measure of U.S. trade in the April-June quarter. The Commerce Department said Thursday that the current account deficit shrank to $109.7 billion, down from $118.3 billion in the first quarter. The […]