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 rises above $106 a barrel on Syrian crisis
File art
 
 
PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — The price of oil rose above $106 a barrel Tuesday after a U.S. official said there was strong evidence that Syria used chemical weapons against civilians, a sign that Washington might be considering a military strike against President Bashar Assad's regime.

U.S. benchmark crude for October delivery was up 34 cents to $106.26 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 50 cents, or 0.5 percent, to close at $105.92 on Monday.

The price of oil has risen about 15 percent in the past three months on concern that unrest in Egypt and civil war in Syria could disrupt production and exports, especially in Libya and Iraq. It has also raised the specter of spreading violence that could block important supply routes.

Secretary of State John Kerry appeared to be making a case for an aggressive response to the Syrian conflict on Monday when he said there "undeniable" evidence of a deadly gas attack in a Damascus suburb that killed hundreds of people.

Evan Lucas, market strategist at IG in Melbourne, Australia, said prices were rising due to the potential for international intervention in Syria.

"The more we hear about this, the more gas and oil will be the places to watch," Lucas said.

Brent crude, which sets prices for imported oil used by many U.S. refineries, rose 48 cents to $111.21 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil rose 0.4 cent to $3.088 per gallon.

— Natural gas fell 1.5 cents to $3.498 per 1,000 cubic feet.

— Wholesale gasoline rose 0.3 cent to $2.838 per gallon.

 

 

 

< back

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