U.S. trade deficit widens in May

The U.S. trade deficit widened to $50.2 billion U.S. in May, the highest level for 31 months, as oil imports surged.

The trade gap rose from a downwardly revised $43.6 billion U.S. in April, according to Commerce Department figures.

Oil prices helped push imports to the second highest level on record, while exports fell slightly from April's record high.

The unexpected 2.6% rise in imports to $225.1 billion U.S. may prompt economists to revise U.S. domestic growth figures.

The data shows that the trade gap with China jumped more than 15% to $25 billion U.S.

U.S. companies imported $32.8 billion of goods and services from China and exported $7.8 billion to the country.

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