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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Oil nears $103 on winter demand, supply concerns


The Associated Press

The price of oil extended gains to near $103 a barrel Wednesday, driven by severe winter weather in the U.S. and supply concerns.

Benchmark U.S. crude for March delivery was up 38 cents to $102.81 a barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract surged $2.13 to close at $102.43 a barrel on Tuesday.

Last time the price of oil was above $103 was in October.

Severely cold weather and snowstorms in the eastern region in the U.S. have boosted energy prices. The National Weather Service said more snow is ahead for residents of northern New England, one day after a storm dumped about a foot on many communities.

One half of U.S. households use natural gas as their primary heating fuel and about a quarter of households in the Northeast U.S. rely on heating oil for space heating, according to the Energy Information Administration. The EIA is scheduled to release its weekly inventory data on Thursday.

Meanwhile, expectations for an increased oil supply were dampened after Iran rejected a key demand of six world powers in their latest round of talks. The talks that began on Tuesday in Vienna aim to finalize a deal to control Iran's nuclear program. Iran, a major oil producer, will be able to export more crude if the talks lead to reduced sanctions.

Brent crude, a benchmark for international oils, edged down 11 cents to $110.35.

In other energy futures trading on Nymex.

— Wholesale gasoline edged up 0.3 cent to $3.003 a gallon.

— Heating oil inched down 0.2 cent to $3.044 a gallon.

— Natural gas gained 12 cents to $5.671 per 1,000 cubic feet.

 

 

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