U.S. Oil Deficit Hits 17-Year Low as Prices Dip and Shale Flows

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  1. AMDR

    AMDR Captain Staff Member Administrator

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    U.S. Oil Deficit Hits 17-Year Low as Prices Dip and Shale Flows

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    By Alex Nussbaum

    Last week’s tepid jobs report may have dominated financial headlines in the U.S., but the oil market quietly had some better news for the American economy.

    The U.S. petroleum trade deficit, the gap between the value of imports and exports, shrank to a seasonally adjusted $3.13 billion in April, the Census Bureau said on June 3. That left the shortfall at its smallest since 1999.

    More here: http://www.bloomberg.com/news/artic...its-17-year-low-as-prices-dip-and-shale-flows

     
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