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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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Westchester Plaza manager says "business as usual" for now

The future of a redevelopment plan for the 50-year-old Westchester Plaza on Fort Worth's Near Southside is unclear.

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Crude oil edges lower as Fed meeting in focus


The Associated Press

The price of oil edged lower Tuesday as investors waited to see whether or not the U.S. Federal Reserve would start reducing its economic stimulus program at a key policy meeting this week.

Benchmark U.S. crude for January delivery fell 2 cents to $97.46 a barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, a benchmark for international oils, dipped 10 cents to 109.31 a barrel on the ICE exchange in London.

Investors are increasingly beginning to think that the U.S. Federal Reserve could decide to start scaling back its $85 billion in asset purchases at the meeting, which wraps up Wednesday. Such a pullback would likely result in the greenback strengthening, making commodities priced in dollars more costly for overseas investors, therefore cutting demand.

Expectations grew that the Fed would start reducing the program following some reports Monday indicating a strengthening U.S. economy. Factory output grew for a fourth straight month in November, and U.S. workers boosted their productivity at the fastest rate in the third quarter since 2009.

Energy prices are expected to remain in check over the next few years, according to an annual report by the U.S. Energy Information Administration, which forecasts that domestic oil output may rise to 9.5 million barrels per day by 2016, just shy of the 1970 record of 9.6 million barrels per day.

In other energy futures trading on the Nymex:

— Wholesale gasoline was little changed at $2.660 a gallon.

— Heating oil was little changed at 1.5 cents to $2.99 a gallon.

— Natural gas fell 0.9 cents to $4.288 per 1,000 cubic feet.

 

 

 

 

 

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