U.S. To Loosen Oil Export Ban - Presented by: The Aol. On Network

A softening of the four-decades-long export ban on oil: The U.S. will allow two companies to export a type of ultra-light oil if it has been minimally refined, according to the Wall Street Journal. The shipments could start as soon as August. It's unclear just how much the companies, Pioneer Natural Resources and Enterprise Product Partners, would be allowed to export. Stocks of both companies shot up at the market open.



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