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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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Oil steadies near $94 after hitting 4-month low

BANGKOK (AP) — Oil steadied above $94 a barrel Monday after falling more than 7 percent in the past month on ample supplies and muted demand.

Benchmark U.S. crude for December delivery was up 8 cents at $94.69 at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.77 to a four-month low of $94.61 on Friday.

Ample supplies of crude have weighed on the price in recent weeks. The Energy Department said Wednesday that U.S. supplies increased 4.1 million barrels in the previous week. Over five weeks, supplies rose by more than 25 million barrels.

U.S. refineries are undergoing fall maintenance, which has crimped demand for crude.

"We are now at the nadir of the fall refinery maintenance season. Within the next couple of weeks demand will return to the market. To this effect, the return of refinery demand could help support values at current levels," Schork Report analysts said in an energy markets commentary.

Brent crude, a benchmark for international crude also used by U.S. refineries, was up 44 cents at $106.35 on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline inched up 0.2 cent to $2.548 a gallon.

— Heating oil rose 0.7 cent to $2.889 a gallon.

— Natural gas shed 8.3 cents to $3.43 per 1,000 cubic feet.

 

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