Oil Exports Narrow US Trade Deficit in April

Oil tankers sit anchored off the coast of Seal Beach in Seal Beach, Calif., on March 17, 2026. Justin Sullivan/Getty ImagesRising crude oil exports continued making a dent in the U.S. trade deficit, new government data released on June 9 show.The international goods and services trade deficit narrowed 1.2 percent, or about $600 million, to $55.9 billion in April, according to the Bureau of Economic Analysis. This came in slightly below economists’ expectations of $56.1 billion.