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Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

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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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Bon Appétit: New French restaurant dishes out the finest in Fort Worth

Barely open six months, Le Cep, a contemporary French restaurant proffering fine dining, is stirring up Fort Worth’s culinary scene.

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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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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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Crude oil back above $94 on China credit injection


The Associated Press

The price of oil crept stayed above $94 per barrel on Tuesday after China's central bank injected extra credit into the financial system, helping to offset concerns about slower economic growth.

U.S. crude for February delivery was down 30 cents at $94.07 at 0545 GMT in electronic trading on the New York Mercantile Exchange after dipping as low as $93.70 on Monday. The February contract expires later Tuesday and most trading has moved to the March contract, which was down 30 cents at $94.29.

Prices tumbled Monday after China's fourth-quarter economic growth declined from the previous quarter and other data suggested activity might slow further. But confidence rebounded after the Chinese central bank announced late in the day it would inject additional money into the financial system, reducing fears of a credit squeeze.

Prices also have been hurt by the strengthening of the U.S. dollar over the past week. That makes crude less attractive to traders who use other currencies.

Reports that Libyan officials intend to regain from rebels the control over oil export facilities in the country's east again raised the prospect of more crude feeding already brimming global stockpiles. However, similar pledges in past months have gone unfulfilled.

Brent crude, used to set prices for international varieties of crude, was up 15 cents at $106.50 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.9 cent to $2.64 per gallon.

— Natural gas fell 1.4 cents to $4.312 per 1,000 cubic feet.

— Heating oil added 0.4 cent to $2.95 per gallon.

 

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