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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Oil hovers below $96 as holidays, Fed eyed


The Associated Press

The price of oil rose slightly Tuesday ahead of the Chinese New Year holiday and amid forecasts for moderating temperatures in the U.S. Northeast.

Benchmark U.S. crude for March delivery was up 13 cents at $95.85 a barrel at 0530 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 92 cents to settle at $95.72 on Monday. Brent crude, used to set prices for international varieties of crude, was up 25 cents at $106.94 a barrel.

Yusuke Seta, an energy analyst at Newedge brokerage in Tokyo, said he did not expect much movement in the oil market ahead of the Chinese New Year holidays which begin later this week.

"Ahead of the Chinese New Year, the traders are less active or aggressive in taking their positions," he said.

Benchmark oil fell below $96 on Monday amid forecasts for moderating temperatures in the U.S. Northeast and ahead of the next meeting of the U.S. central bank.

Along with oil, the prospects of a break in the deep chill that has enveloped the upper U.S. Midwest, the Northeast and parts of the South sank the price of natural gas.

The Federal Reserve meets for two days from Tuesday. Officials are widely expected to reduce the central bank's monthly bond buying that has underpinned an economic recovery.

In other energy futures trading in New York:

— Wholesale gasoline was up 0.6 cent at $2.639 a gallon.

— Natural gas rose 8.4 cents to $4.931 per 1,000 cubic feet

— Heating oil price was up 0.3 cent at $2.97 a gallon.

 

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