Restrictions on U.S. crude exports may disappear. That doesn’t mean the sky is falling for refiners. A Bloomberg index of 11 U.S. independent refiners rose 2.1 percent at 2:59 p.m. in New York, after congressional leaders agreed on a deal to lift a 40-year ban on most oil exports. Refiners, which process crude into gasoline and diesel, would get a tax break on the cost of transporting oil as part of the deal. The break is expected to be $119 million in 2016, or about 0.5 percent of next year’s combined pre-tax profits of the independent refining companies in the index, according to government and analyst estimates. Refiners have been the biggest beneficiaries of the shale boom, using cheap oil and gas to run their plants at record rates and make the U.S. the world’s largest exporter of gasoline and diesel. U.S. plants will still have access to cheaper […]