Price of crude oil soars, pushing up U.S. trade deficit
Summary from multiple countries, from articles in English
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Unemployment The number of people out of work and claiming benefits rose by 9,000 in May, and an increase in April was revised up to 11,200. (article 4)
Average earnings growth eased in April, with headline earnings growth falling to an annual 3.8 per cent in the three months to April, from 4 per cent in March. (article 4)
WASHINGTON - The US trade deficit widened in April as the surge in oil prices propelled imports to a record, overshadowing the biggest gain in exports in four years. (article 3)
The gap grew 7.8 percent to $60.9 billion, more than forecast and the most since March 2007, the Commerce Department said yesterday. (article 3)
WASHINGTON - The U.S. trade deficit jumped to the highest level in 13 months in April as America's bill for foreign crude oil soared to an all-time high. (article 1)
The growing deficit was driven by a $4.3 billion increase in crude-oil imports, which jumped to a record $29.3 billion in April, as the average per-barrel price rose to an all-time high. (article 1)
Some $48 billion in payments went out as part of the $168 billion economic relief effort to revive the economy and keep the country from a deep recession. (article 2)
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Story keywords
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billion, deficit, cent, rose, percent |
Source articles
- Price of crude oil soars, pushing up U.S. trade deficit (seattletimes.nwsource.com, 06/11/2008, 551 words)
- Stimulus payments result in record May deficit (Washington Post, 06/11/2008, 332 words)
- Trade deficit hits $60.9b in April (boston.com, 06/11/2008, 372 words)
- Need to know: Royal Mail; UBC Media; Tata Motors (business.timesonline.co.uk, 06/12/2008, 1961 words)
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