Join The Discussion

 

Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

read more >

Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

read more >

Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

read more >

Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

read more >

Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

read more >

Oil near $109 on supplies drop, Fed stimulus


PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil rose Thursday after the U.S. Federal Reserve kept its monetary stimulus in place and U.S. oil supplies fell more than expected.

Benchmark oil for October delivery was up 61 cents to $108.68 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

Prices spiked Wednesday after the Federal Reserve unexpectedly maintained its stimulus for the U.S. economy and the Energy Department reported a bigger than expected drop in supplies of crude oil and gasoline. The contract climbed $2.65, or 2.5 percent, to close at $108.07.

The Fed was widely expected to begin winding down its program of buying $85 billion a month in bonds and other assets. Instead, the central bank said it will maintain the pace of the bond purchases because it thinks the economy still needs the support.

Global stocks and commodities have surged as the new money generated by the unconventional program flowed through the financial system. Stocks rose sharply Wednesday following the Fed's announcement. The Standard & Poor's 500 and the Dow Jones industrial average jumped to all-time highs.

Both the U.S. Energy Department and the American Petroleum Institute said supplies of crude oil fell for the week ending Sept. 13.

The Energy Department said supplies by 4.4 million barrels last week, almost three times more than analysts expected, to 355.6 million barrels. The API said supplies fell by 298,000 barrels to 359.2 million barrels.

Brent crude, the benchmark for international crudes used by many U.S. refineries, was up 29 cents to $110.89 a barrel on the ICE Futures exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline rose 0.1 cent to $2.728 per gallon.

— Natural gas rose 2.2 cents to $3.735 per 1,000 cubic feet.

— Heating oil rose 0.9 cent to $3.05 per gallon.

 

< back

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