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Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

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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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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

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Oil dips to near $106 amid Iran leader change

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of crude fell Tuesday after the swearing-in of a new leader in Iran raised hopes for less tension between the oil-producing Islamic republic and the West.

Benchmark crude for September delivery was down 35 cents to $106.21 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 38 cents to close at $106.56 on the Nymex on Monday.

Michael Hewson, senior market analyst at CMC Markets, said the "softer" oil price could be attributed to an expected easing of tensions between the U.S. and Iran, whose new leader, Hasan Rouhani, took office Sunday. Rouhani is a moderate cleric who has called for a dialogue with the West.

Iran has faced international oil and banking sanctions over its nuclear program and fears it is being used to develop atomic weapons. Having a new leadership in Tehran "has raised some optimism that this new relationship dynamic will augur a much less confrontational relationship between Iran and the US," Hewson said in an email commentary. "The reopening of a Libyan terminal has also helped to weigh on Brent prices as new supply comes on stream."

Meanwhile, the U.S. Energy Department, the International Energy Agency and the Organization of Petroleum Exporting Countries will this week release their latest assessments of the energy markets, including forecasts for worldwide demand for oil. Analysts are anticipating some downward revisions, given a slowdown in China's economy.

Brent crude, traded on the ICE Futures exchange in London, fell 20 cents to $108.50 per barrel.

In other energy futures trading on the Nymex:

— Heating oil fell 1.3 cents to $3.039 a gallon.

— Natural gas rose 0.6 cent to $3.325 per 1,000 cubic feet.

— Wholesale gasoline fell 1.2 cents to $2.938 a gallon.

 

 

 

 

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