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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Oil above $108 on supplies drop, hot money influx

BANGKOK (AP) — Oil added to gains above $108 a barrel Monday, underpinned by three weeks of declining U.S. stockpiles and a rush of speculative money into the crude futures market.

Benchmark crude for September delivery was up 34 cents to $108.21 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The now expired August contract closed up 1 cent at $108.05 on Friday after trading as high as $109.32 earlier in the day.

American motorists, meanwhile, are bracing for further increases in gas pump prices this summer after average national prices rose 12 cents in the past week alone.

Sharp falls in U.S. inventories of crude oil and gasoline have contributed to a 15 percent jump in the Nymex benchmark, also known as West Texas Intermediate crude, since June 21. Some analysts say speculators are also pushing the price higher.

Energy analysts at The Schork Group Inc. said open interest, which is the number of open futures contracts, is at record levels as is the participation of Wall Street hedge funds and investors such as commodity pool operators. They said in a report that Wall Street now owns six times as many barrels of oil in the WTI futures market as there are sitting at the Nymex oil delivery terminal in Cushing, Oklahoma.

Benchmark oil's jump has been so sharp that is has closed most of its discount to Brent crude that is traded on the ICE Futures exchange in London. Brent was up 39 cents to $108.38 a barrel.

In other energy futures trading on the Nymex:

— Wholesale gasoline added 1.5 cent to $3.073 a gallon.

— Heating oil rose 0.9 cent to $3.10 a gallon.

— Natural gas fell 4.6 cents to $3.743 per 1,000 cubic feet.

 

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