Commerce Department reported 12% jump in April trade deficit of $56.96 billion compared to deficit in March. The import rose 4.1% in April and export rose 3%. The year-to-date trade deficit is running ahead by 11% to the year 2004. The commerce department report is summarized below. The oil and energy related import rose to $19.6 billion roughly 33% of total deficit. Oil prices for the month of April were $44.76 per barrel.
