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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 slightly lower ahead of US stockpiles report


The Associated Press

The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.

Benchmark U.S. crude for April delivery was down 20 cents at $99.50 a barrel at 0605 GMT in electronic trading on the New York Mercantile Exchange. The contract gained $1.62 to $99.70 on Tuesday after strong U.S. factory data and an apparent easing in tensions over Ukraine.

Thursday is the last day of trading for the April contract.

Investors are awaiting fresh information on U.S. stockpiles of crude and refined products, which give a weekly indication about the strength of demand in the world's biggest economy.

Statistics for the week ended March 14 are expected to show a rise of 2.6 million barrels in crude oil stocks and a decline of 1.6 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Brent crude, used to set prices for international varieties of crude, fell 2 cents to $106.77 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.5 cent to $2.89 a gallon.

— Heating oil gained 0.4 cent to $2.901 a gallon.

— Natural gas shed 0.7 cent to $4.449 per 1,000 cubic feet.

 

 

 

 

 

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