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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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US cold, steady China help lift oil prices


The Associated Press

The price of oil stayed above $100 a barrel Tuesday on expectations cold weather in the U.S. and steady Chinese growth will underpin demand.

Benchmark U.S. crude for March delivery was up 35 cents to $100.65 a barrel at 0750 GMT in electronic trading on the New York Mercantile Exchange.

Due to the President's Day holiday, the contract's last physical settlement was Friday, when it fell 5 cents to close at $100.30.

Severe cold weather in the U.S. has been boosting energy prices. The U.S. East Coast is expected to get more snow, and the cold is extending to other states.

Optimism that China's economy is still healthy after credit growth increased in January also helped lift energy prices.

Talks begin Tuesday among Iran and six world powers on finalizing a deal to control Iran's nuclear program. The outcome could have an effect on oil prices as Iran is a major oil producer and reduction of sanctions would allow the country to export more of its crude.

Brent crude, a benchmark for international oils, edged down 13 cents to $109.05.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.8 cent to $2.98 a gallon.

— Heating oil added 0.5 cent to $3.021 a gallon.

— Natural gas gained 31 cents to $5.524 per 1,000 cubic feet.

 

 

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