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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 extends gains above $102 on demand outlook


The Associated Press

The price of oil extended gains above $102 a barrel Monday on forecasts of higher global demand.

Benchmark U.S. crude for June delivery was up 16 cents to $102.18 a barrel at 0620 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 52 cents Friday to close at $102.02 and gained about 2 percent for the week.

Brent crude for July delivery, a benchmark for international oil, was up 41 cents to $110.15 on the ICE exchange in London.

The Commerce Department said Friday that U.S. housing construction surged to its highest pace in six months and the International Energy Agency in Paris raised its forecast for global crude demand.

Also underpinning energy prices are the tensions in Ukraine and the possibility they might disrupt Russian supplies.

In other energy futures trading in New York:

— Wholesale gasoline rose 1.7 cents to $2.972 a gallon.

— Natural gas added 1.5 cents to $4.428 per 1,000 cubic feet.

— Heating oil gained 1 cent to $2.959 a gallon.

 

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