WASHINGTON (MarketWatch) -- The U.S. trade deficit widened by 1.1% in October to $57.2 billion, the Commerce Department said Thursday. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $54.5 billion. Exports fell faster than imports in October. The U.S. trade deficit with China widened to $28.0 billion in October compared with $25.9 billion in the same month last year. The unexpected rise in the deficit was due in large measure to a record increase in the quantity of oil imports in October as the price of crude oil fell sharply.
