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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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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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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Podcasting superstar from 'Serial' coming to Fort Worth

If you hear yourself hearing a certain haunting theme in early August as you pass the Omni Fort Worth Hotel, don’t be alarmed.

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Oil near $98 as US economy shows improvement

KUALA LUMPUR, Malaysia (AP) — The price of oil inched toward $98 a barrel Monday after stronger U.S. hiring suggested demand for crude could increase.

Benchmark U.S. crude for January delivery was up 6 cents at $97.71 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract closed up 27 cents at $97.65 on Friday.

U.S. data showed strong signs of economic recovery.

The Labor Department said Friday that the unemployment rate fell to a five-year low of 7 percent in November after employers added 203,000 jobs last month, more than expected. Earlier data showed the U.S. economy grew at a 3.6 percent annualized rate in July through September, the fastest since early 2012.

Brent crude, a benchmark for international oils, was down 2 cents at $111.59 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.7 cent to $2.734 a gallon.

— Heating oil added 0.3 cent to $3.06 a gallon.

— Natural gas gained 6 cents to $4.174 per 1,000 cubic feet.

 

 

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