U.S. on verge of lifting 40-year oil export ban in spending bill The United S

  • U.S. on verge of lifting 40-year oil export ban in spending bill

    The United States appears on the brink of ending a four-decade-old ban on most exports of crude oil, an abrupt end to a years-long fight triggered by the domestic shale boom. If it passes both the House and the Senate, the measure to keep the government funded through September would be difficult…

    Reuters
  • Oil slump resumes on U.S. supply build, expected Fed rate hike

    Oil fell on Wednesday on fresh evidence of growing global oversupply, and as investors awaited the outcome of a U.S. Federal Reserve meeting at which interest rates are likely to be raised, boosting the dollar and pressuring commodities. West Texas Intermediate crude futures were down $1.27 at…

    Reuters

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