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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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Oil falls to near $98 as demand crimped 


The Associated Press

The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.

Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90.

Traders have zoomed in on data showing that U.S. crude supplies rose by nearly 6 million barrels in the week ended March 14. Oil production continues to rise, but refineries are converting less of it to gasoline and diesel because they're undergoing seasonal maintenance.

The U.S. dollar has strengthened against the euro and other currencies since the Federal Reserve's new governor Janet Yellen this week suggested interest rate hikes could come relatively quickly after the Fed ends its extraordinary stimulus policy. A rise in the dollar makes crude more expensive in terms of other currencies.

Brent crude, used to set prices for international varieties of crude, was down 31 cents to $106.14 a barrel.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.7 cent to $2.882 a gallon.

— Heating oil shed 0.7 cent to $2.906 a gallon.

— Natural gas dropped 3.6 cents to $4.333 per 1,000 cubic feet.

 

 

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Midterms
What was the message of the midterm elections?