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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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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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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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Oil falls on China factory data, Russia troop move 


TERESA CEROJANO, Associated Press

The price of oil fell Tuesday, dented by soft Chinese manufacturing figures and Russia's withdrawal of a small number of troops from the forces massed along its border with Ukraine.

Benchmark U.S. crude for May delivery was down 29 cents to $101.29 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 9 cents to $101.58 on Monday as markets kept an eye on talks between the U.S. and Russia over the crisis in Ukraine.

Brent crude, used to set prices for international varieties of oil, fell 7 cents to $107.69 a barrel on the ICE exchange in London.

Ric Spooner of CMC Markets in Sydney said two Chinese manufacturing surveys released Tuesday showed "downside risks" to China's economy

The manufacturing index by the China Federation of Logistics & Purchasing ticked up to 50.3 in March from 50.2 in February. But economists said the increase should have been a lot stronger because factories typically return to full speed in March after shutting for the extended Lunar New Year holiday, which begins in either January or February each year.

The index uses a 100-point scale on which numbers above 50 indicate expansion.

China's economy has slowed after a decade of red-hot expansion as the country's leaders try to reduce reliance on trade and investment and encourage growth based on domestic spending.

Spooner said reports that Russia pulled out a battalion of troops from the Ukrainian border also "may induce a little bit of trader selling" on hopes the crisis is easing. But one must be wary of such short-term announcements, he said. Russia's annexation of Ukraine's Crimean peninsula, its troop buildup near Ukraine's border and its attempts to compel constitutional changes in Ukraine have raised tensions with the West and prompted fears that Moscow intends to invade other areas of its neighbor.

Oil prices have been supported by the possibility that economic sanctions against Russian officials and businessmen could expand to affect Russia's energy sector.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.7 cent to $2.911 a gallon

— Natural gas was down 1 cent at $4.361 per 1,000 cubic feet.

— Heating oil eased 0.2 cent to $2.928 a gallon.

 

 

 

 

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