difference between profit and surplus In many tries to define the definition of 'time'; we sometimes make use of the very word as part of the definition. Although time is definitely an ever-present concern of humans; this only clearly demonstrates the issue in formulating an obvious precise and easily understood definition this agreement we are going to all universally agree and accept. In the week ended Dec. 15, U.S. crude stocks fell 520 barrels to 438.7 million barrels, the API said, with analysts predicting a decrease of 3518,000 barrels. Cushing's crude inventories rose by 70,000 barrels. Philip Hammond has been trying to persuade conservatives that tax increases and spending cuts are needed to reduce the deficit.