Join The Discussion

 

Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

read more >

Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

read more >

Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

read more >

Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

read more >

E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

read more >

Oil price eases, natural gas steady

The Associated Press

 

Oil prices eased Friday after gaining 1 percent a day earlier on smaller stockpiles and signs of stronger U.S. demand.

Benchmark U.S. crude for February delivery shed 29 cents to $98.75 per barrel in electronic trading on the New York Mercantile Exchange.

Brent crude for February delivery, a benchmark used to price international crudes used by many U.S. refiners, shed 29 cents to $110 in London.

Meanwhile, natural gas held steady at a 29-month high of $4.46 per thousand cubic feet on Nymex. It added 5 percent a day earlier after the U.S. government reported a huge draw in supplies due to recent cold weather.

The Energy Department said Thursday that natural gas supplies dropped by 285 billion cubic feet last week and are 261 billion cubic feet below the five-year average.

Oil prices rose despite the U.S. Federal Reserve's decision to ease its stimulus, which analysts believe will lead to lower oil prices.

The Fed's action is expected to increase the value of the dollar compared with other currencies. That makes commodities such as oil, which are priced in dollars, more expensive and less attractive.

However, the Fed's decision also was seen by financial markets as a vote of confidence that the American economy is strengthening. That might fuel expectations for higher energy demand.

In other energy futures trading on Nymex:

— Wholesale gasoline edged up 0.8 cents to $2.748 a gallon.

— Heating oil shed 0.3 cents to $3.022 per gallon.

 

 

< back

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