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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 rises after earlier drop; awaiting job data


The Associated Press

The price of oil recouped some of its recent losses Friday as the market awaited the release of U.S. jobs data that could signal an economic recovery.

Benchmark U.S. crude oil for June delivery added 8 cents to $99.50 a barrel on the New York Mercantile Exchange, after losing ground a day earlier when the U.S. Energy Department said oil supplies rose by 1.7 million barrels last week. That pushed the U.S. supply to a record 399.4 million barrels.

Brent crude, an international oil benchmark, added 19 cents to $107.95 on the ICE Futures exchange in London.

Markets are closely awaiting the release of U.S. nonfarm payroll data, expected later Friday, as a key indicator of the health of the American economy.

In other energy futures trading on Nymex:

— Wholesale gasoline was unchanged at $2.94 a gallon.

— Heating oil rose 1 cent to $2.92 a gallon.

— Natural gas added 2 cents to $4.74 per 1,000 cubic feet.

 

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