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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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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Oil heads toward $108 as US economy brightens

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Oil prices rose Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy.

Benchmark oil for October delivery was up 28 cents to $107.51 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31, or 1.2 percent, to close at $107.23 a barrel on the Nymex.

A jump in U.S. auto sales helped brighten the outlook for oil consumption. General Motors and other U.S. carmakers posted strong sales in August, giving the auto industry its best month in six years.

The Federal Reserve also said Wednesday that surveys showed moderate growth throughout the country.

What's more, the economies of the Europe and Japan are finally growing. Japan's central bank said Thursday that the world's No. 3 economy was recovering "moderately." The combined economy of the 17 euro currency nations grew 0.3 percent in the second quarter of 2013 after 18 months of recession. Chinese manufacturing has turned a corner after a prolonged slump.

Investors will be monitoring fresh information on U.S. stockpiles of crude and refined products.

Data for the week ending Aug. 30 is expected to show draws of 2.5 million barrels in crude oil stocks and 1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. The Energy Department's Energy Information Administration — the market benchmark — will be out on Thursday.

Brent, the benchmark for international crudes, rose 17 cents to $115.08 a barrel on the ICE Futures exchange in London. Prices of Brent have risen sharply due to fears the U.S. could intervene militarily in Syria's civil conflict.

"The likelihood of an international military intervention in the conflict in Syria, and therefore a general deterioration of the security situation in the broader region, increased markedly over the past week due the escalation of violence in the non-OPEC country," said analysts at Goldman Sachs in a newsletter commentary.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.2 cent to $2.863 per gallon.

— Heating oil rose 0.1 cent to $3.138 per gallon.

 

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