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

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 reached a deal on tax and spending plans that included an end to the oil-trade limits, according to Representative Reid Ribble and Representative Joe Barton, who spoke after a meeting with fellow party members.

The deal has been brokered to help smooth its passage throug…