According to US commerce department the US trade deficit widened 19.2% on year on year basis in March 2015. US trade deficit increased 43.18% on month on month basis to USD 51.40 billion , highest reading since 2009. Deficit was at USD 35.90 billion (revised) in February .Exports of goods and services increased 0.85% to USD 187.8 billion in March while imports at USD 239.2 billion,increased by 7.77% over February 2014.
US Oil production decreased by 9.44% in February 2015 on month on month basis to 258.66 million barrels while US oil imports decreased significantly by 46.28% to 119.055 million barrels. Year on year basis US oil production ramped up by 15.33% and oil imports decreased by 40.94%. Read our analysis on Crude Oil Dynamics and Shale Oil Dynamics and US Oil Production