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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

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Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

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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.

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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

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Oil above $98 as US economy shows strength


The Associated Press

The price of oil was little changed Friday, remaining above $98 a barrel as signs of stronger recoveries in the U.S. and Japan prompted expectations of greater demand for crude.

Benchmark U.S. crude for March delivery lost 21 cents to $98.02 at 0500 GMT in electronic trading on the New York Mercantile Exchange. The contract gained 87 cents to settle at $98.23 a barrel on Thursday.

Japan reported that factory output rose in December and the consumer price index rose 0.4 percent in 2013, the first increase in five years, in further evidence the world's third-largest economy is gaining strength.

News the U.S. economy grew at a 3.2 percent annualized rate in the last quarter thanks to stronger consumer spending has reaffirmed expectations that 2014 will be the best year since the recession ended 4 ½ years ago.

Extremely cold weather in the U.S. has pushed up demand for heating oil this winter, tightening supplies of distillate fuels, including heating oil, to about a fifth below five-year averages: Heating oil futures fell 1 cents to $3.04 a gallon. They have gained 10 cents since Jan. 14.

Forecasts for milder temperatures have pushed natural gas prices sharply lower after they rose earlier this week to levels last seen four years back. Futures fell 13 cents, or 2.6 percent, to $4.88 per 1,000 cubic feet.

Brent crude, used to set prices for international varieties of crude, fell 4 cents to $107.91 a barrel on the ICE exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline was up 1 cent at $2.684 a gallon.

 

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