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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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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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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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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

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Oil falls on weak China trade data, US supply rise


The Associated Press

The price of oil fell from a five-week high Thursday after China reported weak monthly trade data and a report showed a big increase in U.S. crude supplies.

Benchmark crude for May delivery was down 31 cents to $103.29 at 0525 GMT in electronic trading on the New York Mercantile Exchange. The contract rose $1.04 to settle at $103.60 on Wednesday amid unrest in eastern Ukraine after gaining more than $2 the day before. The last time it finished above $103 was on March 4.

Brent crude, a benchmark for international oil prices, fell 42 cents to $107.53 a barrel on the ICE exchange in London.

Oil fell as Chinese trade numbers showed that exports contracted unexpectedly in March, shrinking by 6.6 percent from a year earlier while imports contracted 11.3 percent.

The numbers highlight the gradual slowdown in China's economic growth, which could result in lower demand for energy. The country's leaders are struggling to hit a full-year target of 7.5 percent growth this year while reorienting the world's second biggest economy away from trade and investment to one based on domestic spending.

Crude prices also slipped following the report by the U.S. Energy Department's Energy Information Administration that showed 4 million barrels were added to supplies last week. That's a lot more than the 2.5 million barrels predicted by analysts surveyed by Platt's, the energy information arm of McGraw-Hill Cos.

In other energy futures trading in New York:

— Wholesale gasoline lost 1.5 cents to $2.993 a gallon.

— Natural gas fell 1.1 cents to $4.575 per 1,000 cubic feet.

— Heating oil was down 0.7 cent at $2.947 a gallon.

 

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