February 11, 2011

December 2010 Crude Oil Imports Total $22.5 Billion

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

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