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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.

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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.

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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.

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Hilton Fort Worth named to Historic Hotels

The Hilton Fort Worth is one of 24 hotels named a member of the Historic Hotels of America, the Washington, D.C.-based group announced on Nov. 18.

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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

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Oil steady above $102 as Libya tensions flare

 

PABLO GORONDI, Associated Press

The price of oil was steady above $102 a barrel Tuesday as the threat of further violence in Libya threw into question the country's ability to ramp up its crude exports.

By early afternoon in Europe, benchmark U.S. crude for June delivery was up 3 cents to $102.64 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, the Nymex contract added 12 cents to settle at $102.73.

The more heavily-traded July contract was up 2 cents at $102.13.

Brent crude, a benchmark for international oil, was down 4 cents to $109.33 on the ICE Futures exchange in London.

A revolt by a rogue general has split the Islamists that dominate Libya's politics and risks an outright battle for power that could fragment the country, which has Africa's largest proven reserves of crude. Libya was a key supplier of crude to European refineries but has been struggling to stabilize oil output and exports since dictator Moammar Gadhafi was ousted in 2011.

"Given that Libya is not producing more than 250,000 barrels per day, having Libya totally out would not make a big difference to current flows," said Olivier Jakob of Petromatrix in Switzerland. "But the Libyan barrels will be missed for the oil demand of the third quarter."

Investors will also be monitoring fresh information on U.S. stockpiles of crude and refined products.

Data for the week ending May 16 is expected to show a draw of 300,000 barrels in crude oil stocks and a build of 150,000 barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

 

 

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What was the message of the midterm elections?