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Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

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Bon Appétit: New French restaurant dishes out the finest in Fort Worth

Barely open six months, Le Cep, a contemporary French restaurant proffering fine dining, is stirring up Fort Worth’s culinary scene.

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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Bombay Co.'s former HQ building purchased

The Bombay Co.’s former Fort Worth headquarters building has been sold, with private equity fund Diversified International Partners snapping up the seven-story, 122,828-square-foot structure at 550 Bailey St.

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Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

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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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