How Rising Oil Prices Are Widening the US Trade Deficit

The US trade deficit jumped $23 billion in May, hitting $77.6 billion. Lucas and Luna trace the main driver: rising crude oil prices. They break down how each dollar per barrel adds hundreds of millions to the import bill, why the strong dollar isn't helping exports, and how central banks like Singapore's are tightening in response. A look at the oil-trade deficit link with real numbers and global ripple effects. #OilPrices #TradeDeficit #USImports #CentralBanks #SingaporeMonetaryPolicy #Inflation #CrudeOil #Macroeconomics #FexingoBusiness #BusinessPodcast #Economics #TradeBalance #DollarIndex #USDJPY #SupplyChains #Geopolitics #EnergyImports #ImportPrices Keep every episode free: buymeacoffee.com/fexingo