U.S. posts trade surpluses with OPEC in 10 of the last 12 months as oil prices remain low; a U.S. surplus with OPEC has only happened three times in past 30 years
Data released from the U.S. Census Bureau showed a record-setting trade surplus with OPEC for the month of February. Cheap oil, a strong dollar and slow growth abroad have created a trade surplus from the U.S. to OEPC countries in 10 of the last 12 months. In the prior 30 years, the U.S. had only posted a surplus two other times.

Trade between the U.S. and Saudi Arabia shifted fro...

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