Join The Discussion

 

Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

read more >

Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

read more >

Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

read more >

Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

read more >

Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

read more >

 

Oil stays above $104 on crises in Ukraine, Libya


The Associated Press

Oil stayed above $104 per barrel Wednesday as traders watched to see how conflicts in Ukraine and Libya will affect supplies.

Benchmark crude for July delivery was up 11 cents to $104.22 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 24 cents to close Tuesday at $104.11

Brent crude, a benchmark for international oils, added 29 cents to $110.31 on the ICE exchange in London.

Markets are uneasy about the conflict in Ukraine, a key conduit for Russian gas to reach Europe. Russia's acceptance of the result of Sunday's presidential election was seen as a sign of easing tensions but more fighting between government forces and pro-Russian separatists in the east made clear the situation still is uncertain.

In Libya, which has been unable to stabilize since the ouster of Moammar Gadhafi in 2011, the National Oil Corp. said crude exports stood at 160,000 barrels a day, down from 1.4 million barrels a day a year ago. Several key export facilities are controlled by militias who do not recognize the central government.

In other energy futures trading in New York.

— Wholesale gasoline shed 0.6 cent to $2.986 per gallon.

— Natural gas fell 2 cents to $4.485 per 1,000 cubic feet.

— Heating oil added 0.8 cent to $2.945 a gallon.

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?