Traders betting that U.S. crude prices will jump above those in the rest of the world if Congress lifts America’s oil-export ban may be disappointed. Negotiators are inching closer to a deal that would allow unfettered access to the country’s crude for the first time in 40 years. The glut in the U.S. that depressed prices during the height of the shale frenzy spread to the rest of the world this year. That caused global prices to sink, narrowing the discount for U.S. crude and limiting the chances for producers to sell their oil at a better price in the export market. While lifting the ban would limit the size of the discount for U.S. oil, WTI would have to be at least $4 below Brent for exports to work, depending on the cost of shipping, Energy Aspects analysts wrote in a note on Friday. West Texas Intermediate crude […]