(Reuters) - The midpoint estimate of Wall Street analysts surveyed before the report was for the February trade gap to widen slightly to $60.0 billion. The smaller-than-expected trade gap could prompt analysts to raise their estimates of first-quarter U.S. economic growth.
The petroleum trade deficit was the smallest since June 2005, as crude oil import volume fell 21 percent to its lowest since February 2003 and prices dipped to $50.71 per barrel, from $52.23 in January.
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