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 >

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-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 >

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 >

Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

read more >

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.

 

 

 

 

< 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?