Crude oil prices changed little. While supported by a weaker US dollar, gains were offset by disappointing US’ trade data. Trade deficits narrowed to US$ 40.4B in April from US$ 42.3B a month ago. Exports of goods soared +2.8% after falling -1.4% previously, while imports of goods rose +1.8% after dropping -0.5% previously.
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Disappointing US Trade Balance Might Drag First Quarter GDP
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