Tag: US Trade Deficit

Low oil prices, increased exports lead to drop in US current account 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 […]

By September 17, 2015 0 Comments Read More →