U.S. Trade Deficit At Three-Year Low As Oil Imports Dip

U.S. Trade Deficit At Three-Year Low As Oil Imports Dip

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Rising petroleum exports and diminishing crude and oil product imports helped the U.S. post its lowest trade deficit in three years in November, government data showed on Tuesday. The U.S. monthly international trade deficit declined to US$43.1 billion in November, from US$46.9 billion in October, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.   Total U.S. exports of goods and services increased by 0.7 percent to US$208.6 billion in November, while imports of goods and services decreased by 1.0 percent to US$251.7…

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