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House leader Boehner supports lifting U.S. oil export ban


    WASHINGTON (Reuters) - Speaker of the U.S. House of Representatives John Boehner told reporters on Wednesday he supports lifting a 40 year-old ban on crude oil exports, a move that could boost support for legislation in his chamber.

    Boehner said the ban was created during a time when oil markets were much different than they are now and that lifting the trade restriction could create 1 million jobs. A bill introduced by Representative Joe Barton this year has more than 100 co-sponsors.

    (Reporting by Timothy Gardner; Editing by Lisa Lambert)