U.S. trade deficit in goods unexpectedly widened in May versus forecasts for a narrower deficit, due to what analysts saw as a slide in exports mostly driven by oil. The U.S. international trade deficit in goods was US$74.3 billion in May, up by US$3.6 billion from US$70.7 billion in April, the U.S. Department of Commerce said in its advance estimate on Thursday. Analysts had expected that the deficit in May would shrink from April. Economists polled by MarketWatch had predicted a deficit of US$66.5 billion, while the median forecasts from the consensus were for a US$68.3 billion deficit, according to ShareCast . As per the advance data from the Department of Commerce, total U.S. exports of goods for May stood at US$90.1 billion, which was down by US$5.5 billion from April, while imports of goods for May were US$164.4 billion, down by US$1.9 billion from the imports in the […]