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 >

US cold, steady China help lift oil prices


The Associated Press

The price of oil stayed above $100 a barrel Tuesday on expectations cold weather in the U.S. and steady Chinese growth will underpin demand.

Benchmark U.S. crude for March delivery was up 35 cents to $100.65 a barrel at 0750 GMT in electronic trading on the New York Mercantile Exchange.

Due to the President's Day holiday, the contract's last physical settlement was Friday, when it fell 5 cents to close at $100.30.

Severe cold weather in the U.S. has been boosting energy prices. The U.S. East Coast is expected to get more snow, and the cold is extending to other states.

Optimism that China's economy is still healthy after credit growth increased in January also helped lift energy prices.

Talks begin Tuesday among Iran and six world powers on finalizing a deal to control Iran's nuclear program. The outcome could have an effect on oil prices as Iran is a major oil producer and reduction of sanctions would allow the country to export more of its crude.

Brent crude, a benchmark for international oils, edged down 13 cents to $109.05.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.8 cent to $2.98 a gallon.

— Heating oil added 0.5 cent to $3.021 a gallon.

— Natural gas gained 31 cents to $5.524 per 1,000 cubic feet.

 

 

< back

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