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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Crude oil, other commodities rise on US debt deal

The Associated Press

 

NEW YORK (AP) — Crude oil and other commodities rose Wednesday after the Senate agreed to a deal that would avoid a U.S. default and reopen the government after a partial shutdown of 16 days.

Oil for November delivery rose $1.08, or 1.1 percent, to $102.29 a barrel on the New York Mercantile Exchange. Most other energy futures rose.

Stocks and bonds rallied after Senate leaders announced they had reached a compromise on extending the government's borrowing authority and reopening the government. Energy futures also rose as a potential threat to U.S. financial markets and the economy appeared to wane.

Congress raced to pass the legislation Wednesday ahead of a Thursday deadline after which the government would exhaust its ability to borrow money to pay its bills, putting the U.S. at risk of defaulting on its debt.

In other energy trading, wholesale gasoline rose 4 cents to $2.70 a gallon, natural gas fell 2 cents to $3.77 per 1,000 cubic feet and heating oil gained 2 cents to $3.04 a gallon.

Gold for December delivery edged up $9.10 to $1,282.30 an ounce. Other metals futures also rose.

December silver rose 17.4 cents to $21.365 an ounce, January platinum rose $14.80 to $1,398.20 an ounce and December palladium rose $7.25 to $713.55 an ounce.

High-grade copper for December delivery was unchanged at $3.308 a pound.

Crop futures ended mixed.

December wheat fell 4.25 cents to $6.815 a bushel, December corn fell three-quarters of a cent to $4.4275 a bushel and November soybeans fell 9.5 cents to $12.765 a bushel.

 

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