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Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

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Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

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Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

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Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

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TABC won’t hear Glen Garden case as purchase moves forward

The Texas Alcoholic Beverage Commission has dismissed several protests against a permit for a proposed whiskey distillery at the Glen Garden Country Club.

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Oil price above $102 after US inventories fall

The Associated Press

The price of oil rose above $102 per barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.

Benchmark U.S. crude for August delivery was up 85 cents at $102.05 a barrel at 0855 GMT in electronic trading on the New York Mercantile Exchange. The contract added $1.24 to $101.20 on Wednesday.

On Wednesday, the U.S. Energy Information Administration said U.S. crude oil inventories fell by 7.5 million barrels to 375 million barrels in the week of July 11. The fall was bigger than expected. Analysts had forecast a drop of 3 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

Last month, supply concerns caused by conflicts in Iraq jacked up the price of oil to above $107 per barrel. But the price drifted lower as Iraqi insurgents failed to advance and oil exports remained unaffected. Libya's comeback to the oil market also pushed the oil price down.

Brent crude, a benchmark for international oils, gained 30 cents to $107.47 on the ICE exchange in London.

In other Nymex trading:

— Wholesale gasoline was steady at $2.855 a gallon.

— Natural gas dropped 2.4 cents to $4.095 per 1,000 cubic feet.

 

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