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Prague News

11.09.2008 - Oil prices swell US trade deficit

Rising oil prices saw the US trade gap swell In July to its widest level since March 2007, government figures show.

The trade deficit widened to $62.2bn (Ј35.4bn) in the month from an upwardly revised estimate of $58.84bn in June.

The Czech Republic news are represented by www.prague-pensions-hotels.com

As crude prices have soared this year, oil imports also increased by about 15% in the month - taking the petroleum deficit to a record $43.3bn.

Excluding petroleum products the US trade deficit shrank to its lowest level since October 2002.



(BBC)

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