U.S. Trade Deficit Probably Widened in May on Rising Oil Prices

The U.S. trade deficit probably widened in May as a jump in imported oil costs swamped record exports, economists said before a report today.

The gap in goods and services trade rose 2.6 percent to $60 billion from $58.5 billion in April, according to the median forecast in a Bloomberg News survey of 71 economists.

Bloomberg