Join The Discussion

 

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.

read more >

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.

read more >

First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

read more >

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.

read more >

Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

read more >

 

Oil edges lower after big drop on Libyan supplies


The Associated Press

The price of oil edged lower Monday after its biggest one-day drop since April on expectations Libyan oil will soon return to the market.

Benchmark U.S. crude for August delivery was down 39 cents to $100.44 per barrel at 0535 GMT in electronic trading on the New York Mercantile Exchange. It fell 3.1 percent last week and is down 4.3 percent so far in July.

Brent crude, a benchmark for international oils, gained 19 cents to $107.45 on the ICE exchange in London.

Oil prices shot up in June to a 10-month high over concerns violence in Iraq might disrupt supplies from OPECs second-largest exporter. Prices then drifted lower over the past two weeks as the advance by Iraqi insurgents stalled and oil exports were not threatened.

Friday's decline of $2.10, or about 2 percent, in the U.S. price was the biggest one-day loss since oil fell 2.2 percent on April 22.

Along with more certainty about Iraqi supplies, agreements between Libya's government and local militias may allow exports to surge in coming weeks.

At the same time, the International Energy Agency lowered its 2014 forecast of global demand due to weaker economic data. It predicted demand would rise 1.5 percent next year to 94.1 million barrels a day.

In other Nymex trading:

— Wholesale gasoline fell 0.1 cent to $2.88 a gallon.

— Natural gas shed 0.9 cent to $4.137 per 1,000 cubic feet.

— Heating oil gained 0.5 cent to $2.878 a gallon.

 

 

 

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?