Join The Discussion

 

New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

read more >

Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

read more >

Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

read more >

Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

read more >

Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

read more >

Oil falls on China factory data, Russia troop move 


TERESA CEROJANO, Associated Press

The price of oil fell Tuesday, dented by soft Chinese manufacturing figures and Russia's withdrawal of a small number of troops from the forces massed along its border with Ukraine.

Benchmark U.S. crude for May delivery was down 29 cents to $101.29 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 9 cents to $101.58 on Monday as markets kept an eye on talks between the U.S. and Russia over the crisis in Ukraine.

Brent crude, used to set prices for international varieties of oil, fell 7 cents to $107.69 a barrel on the ICE exchange in London.

Ric Spooner of CMC Markets in Sydney said two Chinese manufacturing surveys released Tuesday showed "downside risks" to China's economy

The manufacturing index by the China Federation of Logistics & Purchasing ticked up to 50.3 in March from 50.2 in February. But economists said the increase should have been a lot stronger because factories typically return to full speed in March after shutting for the extended Lunar New Year holiday, which begins in either January or February each year.

The index uses a 100-point scale on which numbers above 50 indicate expansion.

China's economy has slowed after a decade of red-hot expansion as the country's leaders try to reduce reliance on trade and investment and encourage growth based on domestic spending.

Spooner said reports that Russia pulled out a battalion of troops from the Ukrainian border also "may induce a little bit of trader selling" on hopes the crisis is easing. But one must be wary of such short-term announcements, he said. Russia's annexation of Ukraine's Crimean peninsula, its troop buildup near Ukraine's border and its attempts to compel constitutional changes in Ukraine have raised tensions with the West and prompted fears that Moscow intends to invade other areas of its neighbor.

Oil prices have been supported by the possibility that economic sanctions against Russian officials and businessmen could expand to affect Russia's energy sector.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.7 cent to $2.911 a gallon

— Natural gas was down 1 cent at $4.361 per 1,000 cubic feet.

— Heating oil eased 0.2 cent to $2.928 a gallon.

 

 

 

 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?