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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

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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.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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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.

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Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

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Oil falls below $98 on plentiful supply

BANGKOK (AP) — Oil extended losses Wednesday on expectations U.S. crude stockpiles rose again last week because of muted demand. Financial markets also awaited the outcome of the U.S. Federal Reserve's policy meeting.

Benchmark U.S. crude for December delivery was down 51 cents at $97.69 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 48 cents to $98.20 on Tuesday and is down about 4 percent in October.

Energy Department data due Wednesday for the week ended Oct. 25 is expected to show increases of 3.5 million barrels in crude oil stocks and 1.5 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

U.S. crude supplies rose 21.5 million barrels in the four weeks ended Oct. 18, to levels nearly 10 percent above the five-year average.

"Bad economy means bad oil prices. There's not much more to understanding the way oil moves outside of that in America," said Carl Larry of Oil Outlooks and Opinions.

The market is also waiting for Wednesday's outcome of a two-day Federal Reserve policy meeting. The Fed is expected to reinforce expectations that it won't begin reducing its mammoth monetary stimulus until next year.

Brent crude, a benchmark for international crude also used by U.S. refineries, was down 21 cents to $108.80 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.1 cent to $2.59 a gallon.

— Heating oil shed 0.3 cent to $2.96 a gallon.

— Natural gas rose 1 cent to $3.639 per 1,000 cubic feet.

 

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