The U.S. trade deficit widened during May, pressured by higher oil prices, which jumped by the largest amount since 1990 in the run-up to the first U.S.-Iraq war, but the shortfall was lower than expected, the Wall Street Journal reports.
The U.S. deficit in international trade of goods and services increased by 0.8% to $63.84 billion from a revised $63.34 billion in April, the Commerce Department said Wednesday. April’s shortfall was previously estimated at $63.43 billion.
Read the full Wall Street Journal story
.(subscription required)
