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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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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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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Oil prices spike on Russia sanctions fears


The Associated Press

Oil prices jumped by more than a dollar per barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers. Natural gas prices also surged at the prospect of a decrease in global supplies.

Benchmark U.S. crude for April delivery was up $1.20 to $103.79 per barrel at 0520 GMT in electronic trading on the New York Mercantile Exchange. The contract added 19 cents on Friday to close at $102.59. Brent crude, which is used to set prices for international varieties of crude, gained $1.62 to $110.69 on the ICE exchange in London.

Markets were responding as thousands of Russian troops solidified control over Crimea in the Ukraine. The U.S. warned Sunday that Moscow could face economic penalties unless it retreats.

The military advance into Crimea, a predominantly Russian speaking region that is friendly to Moscow, came after protesters ousted Ukraine's pro-Russian president, Viktor Yanukovych, over his decision to turn the country toward Russia instead of the European Union. Yanukovych fled to Russia after more than 80 people were killed in the protests in the capital Kiev, but insists he's still president.

Russia was the world's second-largest producer of oil in 2012, accounting for 12.6 percent of global supplies, according to the International Energy Agency. It was also the world's top exporter of natural gas in that year, the IEA said, so any economic sanctions taken against Moscow would limit world supply and push up prices.

"Ultimately the market wants to know to what extent the West will impose economic sanctions on Russia if there is bloodshed and further deterioration," IG market strategist Chris Weston said in a report.

Natural gas was up by 10.3 cents to $4.712 per 1,000 cubic feet.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 3.7 cents to $3.014 per gallon.

— Heating oil added 4 cents to $3.056 per gallon.

 

 

 

 

 

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