Lifting the ban on exporting U.S. crude oil prices could lead to an increase of $2.50 per barrel for domestic producers, a federal report finds. Members of the House of Representatives are debating legislation that would end the ban on exports of domestically-produced crude oil. The ban was enacted in the 1970s to counter a decision by Arab members of the Organization of Petroleum Exporting countries to halt oil exports to the United States because of Washington’s alliance with Israel. A report from the Congressional Budget Office finds authorizing U.S. crude oil exports under a bill sponsored by U.S. Rep. Joe Barton , R-Texas, would increase the price of U.S. crude oil by around $2.50 per barrel during a period ending […]