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 >

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.

 

< back

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