U.S. trade gap falls

The trade deficit in the United States narrowed, according to the latest monthly data out Friday, though America’s largest trading partner, China, still exports far more than it brings in.

Mexican oil may not be worth it

Mexico appears set to allow foreign oil companies to operate on its soil for the first time in 72 years following a Mexican court ruling earlier this week. But while the news is being hailed as a major coup for the large multi-national energy companies, including ExxonMobil, Chevron, BP, Repsol, Eni and Shell, it remains to be seen if drilling south of the border would be in their best interest.