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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 above $97 on expectations US supplies fell

KUALA LUMPUR, Malaysia (AP) — The price of oil surged above $97 a barrel Wednesday on expectations U.S. crude stockpiles fell.

Benchmark U.S. crude for January delivery was up $1.16, or 1.2 percent, to $97.20 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose $2.22 to $96.04 on Tuesday after TransCanada said the southern leg of its Keystone XL pipeline should be operational early next month.

The pipeline would move oil out of Cushing, Okla., the physical delivery point for futures on U.S. benchmark oil, to Port Arthur, Texas. That should lead to greater demand for the oil, which costs less than the crudes imported into the Gulf region.

Analysts said the U.S. energy department is expected to report Wednesday a fall in crude supplies after 10 consecutive weeks of gains, which might point to stronger demand.

U.S. stockpiles data for the week ended Nov. 29 is expected to show a decline of 1.25 million barrels in crude oil stocks and an increase of 2 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Investors are also looking to a meeting of the Organization of Petroleum Exporting Countries in Vienna on Wednesday for an update on production levels. OPEC is expected to keep intact its daily output target of 30 million barrels a day, although the group may come under pressure to reduce production if some supply sources currently experiencing disruptions return to normal.

Brent crude, a benchmark for international oils, rose 24 cents at $112.86 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline gained 2 cents to $2.744 a gallon.

— Heating oil was up 0.7 cent at $3.073 a gallon.

— Natural gas added 1.3 cents to $3.989 per 1,000 cubic feet.

 

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