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(Image from article: "EU bans imports of Syrian oil over crackdown")

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US trade deficit grew slightly to $42B in July

The U.S. trade deficit grew to $42 billion in July, widened by fewer exports to Europe, India and Brazil that offset a steep decline in oil imports.

 

EU bans imports of Syrian oil over crackdown

EU bans imports of Syrian oil over crackdown

The European Union on Friday imposed an embargo on oil imports from Syria as security forces in the country surrounded mosques in rebellious cities to prevent worshippers from pouring into the streets for anti-government rallies.

 

Oil imports drove May trade deficit to $50.2B

The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven upward by a big increase in oil imports.

 

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