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2014.12.2415:31:00UTC+00Slump in Oil Prices Probably pushed US Trade Deficit Back Below $40bn in Nov: Capital Economics

Quotes from Capital Economics:
- The recent collapse in global crude oil prices, which began in earnest in Oct, probably pushed the monthly trade deficit back below $40bn in Nov.
- Otherwise, the 1.1% m/m surge in non-oil imports in October will probably be partly reversed in Nov.

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