The latest numbers from the Commerce Department show that the trade deficit for November was $34.3 billion, down from $39.3 billion in January. Crude oil imports accounted for $28.5 billion.
In all, imports of petroleum goods fell 11% in November from the prior month, to $28.5 billion, seasonally adjusted. Meanwhile, U.S. exports of energy continued to edge higher, with petroleum shipments rising 5.5% in November to $13.3 billion.
On an inflation-adjusted basis, the U.S. trade deficit in petroleum goods in November was the lowest since late 1996, Commerce data show.Source : L.A. Times