Oil moves UK trade deficit higher
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A monthly deficit on its oil balance saw the UK's worldwide trade gap widen to its highest level since January.
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America's trade deficit rose to its second-highest level of the year as the price of imported crude oil jumped and demand for Chinese products remained strong despite recalls of tainted products.
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WASHINGTON -- America's trade deficit rose to its second highest level of the year, reflecting higher prices for foreign oil and a continued appetite for Chinese goods despite this year's recalls of tainted products.
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The US trade deficit has exploded 19% to a record $55.8bn as oil costs drove imports higher, according to a latest figures.
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Britain&#39;s trade in goods deficit with the rest of the world expanded in July to 7.1 billion pounds from 6.5 billion in June, official data showed Tuesday.
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GENEVA: The World Trade Organisation (WTO) raised its forecast for â04 global trade growth to 8.5% on Monday despite surging oil prices.
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The trade deficit jumped to the second-highest level in history as surging demand for foreign oil swamped a small gain in US exports, the government reported Thursday.
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America's deficit in the broadest measure of foreign trade increased in the spring to the second highest level in history, reflecting a big jump in payments for foreign oil.
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Skyrocketing oil prices likely  pushed the U.S. trade deficit in November to its widest since  July, economists polled by Reuters said.
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The US trade deficit widened nearly 9 percent in October to a record $55.5 billion as sky-high oil prices helped propel imports into uncharted territory, the government said on Tuesday.
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The U.S. trade deficit widened much   more than expected in July to a record $68 billion dollars as   record oil prices pushed America's monthly oil import bill to   an all time high, a government report showed on Tuesday.
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The UK's trade gap widens sharply from Â£4.4bn to Â£5.3bn, as imports hit Â£21.5bn, the highest monthly level since records began.
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The U.S. trade deficit widened  unexpectedly in November to a record $60.3 billion, propelled  by the highest-ever oil import bill and a drop in exports, a  government report showed on Wednesday.
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The US trade deficit hit a record high of $68bn in July, due to the rising cost of oil imports, official figures show.
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THE US trade deficit widened in August to its second-highest level on record, fuelled by the highest oil import prices in 23 years and record imports from China.
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Oil rose nearly $1 on Monday to match  its highest in almost a month, extending last week's late gains  as Venezuela threatened to halt oil exports to the United  States and bomb alerts shut down one of Britain's largest gas  fields.
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WASHINGTON -- America's trade deficit increased in the spring to the second-highest level in history, reflecting a big jump in payments for foreign oil and a deterioration in the country's investment position.