Join The Discussion

 

UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

read more >

Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

read more >

Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

read more >

Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

read more >

Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

read more >

Oil price gain tempered by China growth slowdown


The Associated Press

The price of oil rose Wednesday as Ukraine took action against pro-Russian separatists in its east but slower Chinese growth tempered gains.

Benchmark U.S. crude for May delivery was up 16 cents at $103.91 a barrel at 0835 GMT in electronic trading on the New York Mercantile Exchange. It closed Tuesday at $103.75, down 30 cents.

Brent crude, used to set prices for international varieties of crude, was up 3 cents at $109.39 a barrel.

Market concerns over Ukraine, which sent tanks and troops to reclaim government buildings occupied by pro-Russian gunmen in its eastern region, were offset by slower growth in China. A slump in China's growth could reduce demand for crude.

Officials from the U.S., Russia, Ukraine and the European Union are set to meet in Geneva on Thursday for negotiations aimed at persuading Russia to back off in Ukraine following its annexation of Crimea.

Failing that, EU leaders could meet as early as next week to decide on tighter sanctions on Russia, a major producer of oil and gas that has been accused of fomenting unrest in eastern Ukraine. Russia is a major energy supplier to Europe.

Data released Wednesday showed China's economy grew 7.4 percent in the first quarter.

That was the slowest pace of expansion since the third quarter of 2012, but slightly higher than the average of analyst forecasts. China's economy, the world's second largest, grew 7.7 percent in the final quarter of last year. Beijing is targeting 7.5 percent growth for 2014.

Expectations of rising U.S. crude oil stockpiles also put a cap on prices. Data for the week ending April 11 is expected to show an increase of 2.4 million barrels in crude oil stocks, according to a survey of analysts by Platts.

In other energy futures trading in new York:

— Wholesale gasoline fell 0.8 cents to $3.003 a gallon.

— Natural gas fell 2.8 cents to $4.539 per 1,000 cubic feet.

— Heating oil was up 0.5 cent at $2.992 a gallon.

 

< back

Email   email
hide
Midterms
What was the message of the midterm elections?