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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

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Oil extends losses on China slowdown signs


The Associated Press

The price of oil fell further on Friday as recent signs of sputtering economic growth in China suggested demand for crude could weaken.

Other factors influencing crude supplies included a report that U.S. crude reserves rose to a 38-year high and the delayed reopening of export terminals in Libya.

Benchmark crude for May delivery was down 20 cents to $103.20 a barrel at 0740 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 20 cents to settle at $103.40 a barrel on Thursday.

Brent crude, a benchmark for international oil prices, slipped 23 cents to $107.29 a barrel on the ICE Futures exchange in London.

Oil prices retreated from a five-week high this week after China report shrinking exports and imports for March, raising concerns about slowing growth in the world's No. 2 economy. Investors are nervously awaiting the release of first-quarter economic data next week that will shed further light on the situation.

The U.S. Energy Department said the country's crude oil reserves rose for a fourth straight year to their highest level since 1976 as hydraulic fracturing methods have helped drillers unlock oil trapped in rock formations.

Traders were watching for the reopening of four Libyan export terminals in Libya, which have been delayed as the central government and militias who had occupied the facilities have failed to reach a definite agreement.

In other energy futures trading in New York:

— Wholesale gasoline was little changed at $3.006 a gallon.

— Natural gas rose 1.2 cents to $4.643 per 1,000 cubic feet.

— Heating oil fell 0.4 cent to $2.935 a gallon.

 

 

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