(Agence France-Presse)
The U.S. trade gap rose to its highest mark since June, at $46.3 billion, up
from $40.3 billion in December, the Commerce Department said on March 10.
Imports rose for the fourth consecutive month, up 5.2% from December at $214.1
billion, lifted by a jump in oil imports. Petroleum imports reached their
highest level since October 2008 at $34.9 billion. The average barrel price of
imported crude oil leaped to $84.34 from $79.78 in December. Imports solidly
outpaced exports, which rose 2.7% from the previous month to $167.7 billion.
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