House Passes U.S. Spending Bill That Ends Crude Oil Export Ban

Any one can explain the efect of this on crude?

already the market is saturated and add US crude and most likely scenario is even lower crude prices.
US oil producers are already under lot of pressure due to severe drop of crude but getting something is better then nothing.
This might sent CAD even higher...hope not

What makes traders nervous is not just this rate increase but talk of others as well,just as the economy is slowing.Something has to give in the Market:
http://www.zerohedge.com/news/2015-12-17/federal-reserve-rate-hike-%E2%80%98precisely-wrong-time%E2%80%99-%E2%80%93-faber
And another opininon on the economy:
http://www.zerohedge.com/news/2015-12-18/kansas-city-fed-survey-collapses-new-orders-crash-most-great-recession

Removing the export ban does not necessarily mean actual exports will start, since the price is so low right now. All it really means is that producers nw can sell where they can get the best price, not necessarily in the US. As Davit says, the market is saturated and the reserves are high.

definitely something has to give in this market. and it's the wall street bullsh.t market (that will give). even though it's quadruple witching today, have a look at S&P 500 chart. a blow off top stoploss hunt after FOMC, then all downhill after the "dovish" rate hike. this whole bull market was started by the conniving politicians, PPT, and Bernanke in early 2009. the biggest con job ever pulled on the market, ever in history.

the only way this theory can be debunked is if S&P tops 2100 before the end of 2015. so another few trading days to await proof.

as for oil, the price has always been cooked by speculators before the last couple months when reality has set in.