On Air Now

Current Show

WSAU Wisconsin Morning News   5:00 AM - 8:00 AM

Seth Mela, Tom King and Chris Conley

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
58° Feels Like: 58°
Wind: WSW 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

PM Thunderstorms 75°

Tonight

Clear 53°

Tomorrow

Mostly Sunny 78°

Alerts

Jan trade gap narrows unexpectedly due to oil

WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday.

The trade gap shrank 6.6 percent to $37.3 billion, the Commerce Department said. U.S. exports declined, but not as much as the oil-led drop in imports.

Analysts had expected the deficit to widen to $41.0 billion from $39.9 billion in December, which was revised down from a previously reported $40.2 billion.

Average prices for imported oil hit $73.89 per barrel, the highest since October 2008, while the quantity of imported crude oil fell to an 11-year low.

(Reporting by Doug Palmer; Editing by Chizu Nomiyama)

Comments