Join The Discussion

 

Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

read more >

Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

read more >

Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

read more >

Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

read more >

E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

read more >

Oil price rises toward $105 as supplies drop 

File art
 
PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — A drop in oil supplies and positive Chinese trade figures helped boost the price of oil on Thursday.

Benchmark crude for September delivery was up 10 cents to $104.47 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 93 cents to close at $104.37 a barrel on the Nymex on Wednesday.

China's exports and imports both increased last month, beating expectations and representing a strong recovery from June's slump. That suggested growth in the world's No. 2 economy might eventually pick up following months of sluggishness.

Separately, U.S. oil inventories fell by nearly 3.7 million barrels to 366.3 million barrels for the week ending Aug. 2, according to the American Petroleum Institute. Analysts were expecting a drop of 2 million barrels, according to Platts, the energy information arm of McGraw-Hill.

On Wednesday, the U.S. government reported a smaller decline. The Energy Information Agency said crude supplies fell 1.3 million barrels last week.

Brent crude, traded on the ICE Futures exchange in London, fell 8 cents to $107.36 a barrel.

In other energy futures trading on Nymex:

— Heating oil fell 0.1 cent to $2.964 a gallon.

— Natural gas fell 1.2 cents to $3.235 per 1,000 cubic feet.

— Wholesale gasoline rose 0.2 cents to $2.873 a gallon.

 

 

 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?