Sep 20, 2015

Cheaper oil lowers US current account deficit in 2nd quarter

WASHINGTON (AP) — Cheaper oil imports and greater U.S. exports lowered the deficit in the broadest measure of U.S. trade in the April-June quarter. The Commerce Department said Thursday that the current account deficit shrank to $109.7 billion, down from $118.3 billion in the first quarter. The current account tracks not only trade in goods and services but also investment flows. Falling oil...

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