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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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Arlington's Entertainment District moves forward

Arlington is moving closer to developing its Entertainment District north of AT&T Stadium.

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Oil near $97 after rise in US gasoline supplies

The Associated Press

Oil prices continued to drop Thursday after the U.S. government reported a large buildup in supplies of gasoline and diesel.

Benchmark U.S. oil for January delivery was down 7 cents to $97.37 in electronic trading on the New York Mercantile Exchange.

The contract fell $1.07 to close at $97.44 on Wednesday after the U.S. Energy Department's report on supplies. Anticipation of a fall in supplies had earlier driven prices up to a six-week high.

Gasoline supplies rose by 6.7 million barrels, the Energy Department said, while distillate supplies including diesel increased by 4.5 million barrels in the week ended Dec. 6.

Both increases were more than three times what analysts were expecting, raising the possibility that refiners would slow production and purchases of oil in the coming weeks.

The fuel increases overshadowed a huge decline in crude oil supplies of 10.6 million barrels.

Brent crude, a benchmark for international oils, was up 4 cents at $109.74 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was flat at $2.66 a gallon.

— Heating oil barely budged at $3.02 a gallon

— Natural gas rose 2.9 cents to $4.366 per 1,000 cubic feet.

 

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