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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Oil rises toward $106 ahead of Fed policy decision

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil rose Wednesday, regaining some of the ground lost this week as oil traders prepared for an expected reduction in the U.S. Federal Reserve's massive monetary stimulus.

Benchmark oil for October delivery was up 15 cents to $105.57 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.17 to close at $105.42 on Tuesday. Oil fell $1.62 on Monday.

Following the 2008 financial crisis, the U.S. central bank has been buying bonds and other assets to push down interest rates and make loans more available. Global stocks and commodities surged as the new money generated by the unconventional program, which is currently running at $85 billion a month, flowed through the financial system.

The Fed, however, is widely expected to begin winding down the program as the U.S. economy shows signs of a sustained albeit gradual recovery and could announce the first reduction on Wednesday following a two-day policy meeting.

The prospect of a reduction in stimulus pushed down oil prices earlier this week, but now traders are looking ahead, seemingly less fearful of the impact of "tapering," since analysts believe the Fed will keep official interest rates low to keep the U.S. economy chugging along.

Analysts at Capital Economics said in a commentary that "a small reduction is probably now discounted and the Fed may choose to reiterate its conditional commitment to keep interest rates very low for a long period."

Investors will also be monitoring fresh information on U.S. stockpiles of crude and refined products. U.S. Energy Department data for the week ended Sept. 6 is expected to show a decline of 1.5 million barrels in crude oil stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Brent crude, the benchmark for international crudes used by many U.S. refineries, dropped 19 cents to $108 a barrel on the ICE Futures exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.2 cent to $2.648 per gallon.

— Natural gas was steady at $3.745 per 1,000 cubic feet.

— Heating oil declined 1.4 cents to $2.984 per gallon.

 

 

 

 

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