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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Cheesecake Factory gets ready to serve; Sundance tree lighting set

The Cheesecake Factory at Sundance Square will open on Dec. 9, officials with Sundance announced today. The 8,800-square-foot restaurant - being built in the

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Oil rises above $92 after hitting 8-month low


The Associated Press

The price of oil recouped some recent losses Friday as traders calmed down from earlier jitters about an oil supply glut amid slipping gasoline demand.

Benchmark U.S. oil for February delivery was up 79 cents to $92.45 a barrel at 0600 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 67 cents to $91.66 on Thursday, its lowest close in eight months.

Bargain-hunting kicked in following two days of decline that was sparked by the U.S. Energy Department's report that supplies of gasoline rose by 6.2 million barrels last week. The jump of nearly 3 percent may be a possible sign of falling gasoline demand.

Although the unusually cold winter in the U.S. is expected to fuel demand for refined oil products, global supplies of oil are ample despite some persisting concerns about political instability in the Middle East.

Brent crude, used to set prices for international varieties of crude, gained 35 cents to $106.31 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline added 0.9 cent to $2.652 a gallon.

— Natural gas rose 0.8 cent to $4.013 per 1,000 cubic feet.

— Heating oil gained 1.1 cents to $2.933 a gallon.

 

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