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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 price steady above $98 ahead of supply data
 


The Associated Press

The price of oil was steady above $98 a barrel Wednesday ahead of a report on U.S. crude stockpiles.

Benchmark crude for January delivery was down 5 cents to $98.46 in electronic trading on the New York Mercantile Exchange. The contract jumped $1.17 to $98.51 on Tuesday, its highest level in six weeks, on optimism that the U.S. Energy Department's report Wednesday would show supplies fell for the second week in a row.

Data for the week ending Dec. 6 is expected to show a draw of 2.8 million barrels in crude oil stocks and a draw of 2.1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Oil has fallen from $110 in September on high supplies, muted demand and a lessening of Middle East tensions. It sank to nearly $92 late last month but has since crept higher as the U.S. and Chinese economies show signs of sustained recovery.

Brent crude, a benchmark for international oils, was up 3 cents to $109.41 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 1.1 cent to $2.672 a gallon.

— Heating oil was flat at $3.017 a gallon

— Natural gas rose 1.2 cents to $4.249 per 1,000 cubic feet.

 

 

 

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