The U.S. trade deficit widened more than expected to $36.40 billion in November, as surging oil prices helped imports to outgain exports. Exports grew 0.9% from a month earlier to $138.24 billion, the highest level in a year, but imports surged 2.6% to $174.64 billion.

The U.S. trade deficit with China narrowed in November to $20.22
billion, as exports to China rose by to a record $7.33 billion.