Join The Discussion

 

Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

read more >

Bon Appétit: New French restaurant dishes out the finest in Fort Worth

Barely open six months, Le Cep, a contemporary French restaurant proffering fine dining, is stirring up Fort Worth’s culinary scene.

read more >

Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

read more >

Bombay Co.'s former HQ building purchased

The Bombay Co.’s former Fort Worth headquarters building has been sold, with private equity fund Diversified International Partners snapping up the seven-story, 122,828-square-foot structure at 550 Bailey St.

read more >

Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

read more >

 

Oil falls toward $110 after hitting 2-year high


PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil fell Monday, edging off a two-year high as the likelihood of a U.S. attack against Syria appeared to diminish.

Benchmark oil for October delivery fell 33 cents to $110.20 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

On Friday, the contract rose $2.16 to close at $110.53 on the Nymex, the highest closing price since May 3, 2011. The sharp increase was driven by a disappointing U.S. jobs report and continuing worries about Syria's civil war.

President Barack Obama has called for military action against the regime of President Bashar Assad in retaliation for what the White House says was a chemical weapons attack against civilians in suburban Damascus last month.

But Obama so far has failed to win support for intervention both at home and abroad. The U.S. Congress is set to hold votes on authorizing limited strikes into Syria as soon as Wednesday.

Prices also dipped on the heels of a disappointing jobs report. The U.S. government said Friday that employers added 169,000 jobs in August, below expectations. On top of that, July's figure was corrected downward from an earlier estimate of 162,000 jobs to 104,000 jobs, the fewest in over a year.

Brent, the benchmark for international crudes, fell 2 cents to $116.10 per barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 1 cent to $2.8441 per gallon.

— Natural gas rose 2.1 cents to $3.551 per 1,000 cubic feet.

— Heating oil fell marginally to $3.1636 per gallon.

 

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?