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 >

TABC won’t hear Glen Garden case as purchase moves forward

The Texas Alcoholic Beverage Commission has dismissed several protests against a permit for a proposed whiskey distillery at the Glen Garden Country Club.

read more >

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.

 

< back

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