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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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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

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Crude oil rises above $104 amid Ukraine tensions

The Associated Press

The price of crude oil rose Monday as escalating Russia-Ukraine tensions and the resignation of Libya's interim prime minister added to uncertainties about oil supplies.

Benchmark U.S. crude for May delivery was up 69 cents at $104.43 a barrel at 0813 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 34 cents Friday to close at close at $103.74.

Ukraine's government announced Sunday it was sending in troops to try to quash a pro-Russian insurgency in eastern Ukraine despite warnings from the Kremlin. Markets have been rattled by concern Western sanctions against Moscow might disrupt Russian exports of oil and gas.

Desmond Chua, market analyst at CMC Markets in Singapore said the tensions helped to push up oil prices. Russia is a crucial supplier of oil and natural gas to Europe

"I guess we have seen a slight increase in the geopolitical premium," Chua said.

"We also have fears about the resignation of Libya's prime minister, in that sense adding on to the uncertainty in its oil supplies," he said.

Abdullah al-Thinni was the second Libyan prime minister to resign within two months, underlining the nation's instability after the fall of Col. Muammar el-Qaddafi in 2011.

Libya is part of the 12-member Organization of the Petroleum Exporting Countries, the group that produces 40 percent of world oil supplies. Signs that Libyan oil production would return to normal levels helped to lower oil prices last week. But government instability is likely to delay the handing back of refineries currently controlled by militias.

In other energy futures trading in New York:

— Wholesale gasoline was up 1.5 cents at $2.991 a gallon.

— Natural gas was down 1.1 cents at $4.609 per 1,000 cubic feet.

— Heating oil rose 2.8 cents at $2.962 a gallon.

 

 

 

 

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