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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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Einstein Bagels closing two Tarrant locations

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Berkshire Hathaway company acquires Fort Worth firm

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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Oil prices fall below $108 as Syria fears ease

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil fell below $108 a barrel Friday after British lawmakers refused to approve military action against Syria, easing concerns about international intervention in the country's civil war.

Benchmark oil for October delivery was down $1.13 to $107.67 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.30 to close at $108.80 a barrel on the Nymex on Thursday.

Britain's parliament on Thursday refused to go along with Prime Minister David Cameron's plan to intervene in Syria, whose government is suspected of a chemical weapons attack earlier this month that killed more than 300 civilians.

Another hurdle in forming an international coalition to undertake a military strike against Syria took place at the U.N., when Russia blocked British efforts to force a resolution approving action.

Dropping oil prices reflected the relief traders felt.

"We might see oil come off a little bit," said Stan Shamu, market strategist at IG in Melbourne, Australia. "But if the situation escalates over the weekend, that might be a different story."

Syria is not a major oil producer but a widening conflict there could affect major producers in the region or disrupt supply routes.

Brent crude, the benchmark for international crudes, fell 65 cents $114.50 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil lost 1 cent to $3.178 per gallon.

— Natural gas rose 2.2 cents to $3.64 per 1,000 cubic feet.

— Wholesale gasoline was down 1.4 cents at $2.916 per gallon.

 

 

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