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US set to end oil-export limits; Congress may vote on Thursday

House and Senate reach a deal on tax and spending plans that include lifting the restrictions

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What happens next will determine whether the US will join other nations in allowing unfettered access to its crude.

Washington

THE US is poised to reverse an energy policy that has helped define its relations with the world for more than a generation after congressional leaders agreed to lift the nation's 40-year-old restrictions on crude-oil exports.

The House and Senate on Tuesday evening