WASHINGTON — An combination of rising oil prices and fewer aircraft deliveries drove the U.S. November trade balance out to a much wider than expected $63.1 billion deficit from a $57.8 billion deficit in October.

Imports surged $6.0 billion on the back of a $4.8 billion jump in oil and related products and a $800 million advance in consumer goods, mainly in the artwork and “other” categories.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.