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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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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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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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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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Oil slips further as supply fears recede


The Associated Press

The price of oil slipped to near $103 a barrel Tuesday as concerns about possible supply disruptions continued to fade.

Benchmark U.S. crude for August delivery was down 12 cents to $103.41 a barrel at 0450 GMT in electronic trading on the New York Mercantile Exchange. It lost 53 cents to $103.53 on Monday.

Brent crude, a benchmark for international oils, fell 26 cents to $109.98 in London.

The benchmark oil price has gradually eased since it hit a 10-month closing high of $107.26 on June 20, reflecting worries that insurgents in Iraq might push into important oil-producing regions and choke off supplies from OPEC's second-biggest exporter. The Iraqi government's progress in regaining some control since then has assuaged those fears, and oil prices have dropped.

U.S. crude production, meanwhile, is at its highest in about two decades.

An agreement in Libya between the central government and a regional militia is expected to allow the reopening of two oil terminals, boosting the country's crude exports by about 500,000 barrels a day from 350,000 barrels now.

In other energy futures trading in New York:

— Wholesale gasoline edged down 0.8 cents to $2.981 a gallon.

— Natural gas fell 0.9 cent to $4.216 per 1,000 cubic feet.

— Heating oil fell 1 cent to $2.905 a gallon.

 

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