The latest numbers from the Commerce Department show that the trade deficit for December was $40.58 billion, up from $38.32 billion in November. Crude oil imports accounted for $22.54 billion, up from $19.83 billion in November.
The U.S. bill for crude oil imports in December rose to $22.54 billion from $19.83 billion the month before amid a surge in oil prices. The average price per barrel climbed $2.97 to $79.78. Crude import volumes rose to 282.58 million barrels from 258.19 million.
Source : Wall Street Journal