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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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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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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 Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

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Oil falls to near $102 a barrel

The Associated Press

The price of oil slipped Tuesday as expectations of a buildup in U.S. crude inventories dampened sentiment.

Benchmark U.S. crude for April delivery was down 49 cents to $102.33 a barrel at 0755 GMT in electronic trading on the New York Mercantile Exchange. The contract gained 62 cents to $102.82 on Monday.

Oil rose Monday as another cold spell for the U.S. Midwest and Northeast was expected to boost demand for heating oil at a time when many refineries are undergoing seasonal maintenance.

Supplies, however, also appeared to be robust with weekly crude stocks on a rising trend. Investors are waiting for a weekly U.S. stockpile report due later this week that is likely to show further gains.

Some analysts expect oil prices to drop in the spring, when many refineries will be carrying out maintenance work, which is temporarily accompanied by lower oil demand.

Jitters over a slowdown in China also added to fears that global economic growth could weaken, which would reduce demand for gasoline, diesel and jet fuel.

Brent crude, which is used to set prices for international varieties of crude, fell 45 cents to $110.19 on the ICE exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.6 cent to $3.001 per gallon.

— Heating oil was up 0.5 cent at $3.046 a gallon.

— Natural gas lost 11.4 cents to $5.331 per 1,000 cubic feet.

 

 

 

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