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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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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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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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Oil jumps to nearly $104 as Ukraine crisis spirals 


The Associated Press

The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.

Benchmark U.S. crude for August delivery was up 51 cents to $103.94 in electronic trading on the New York Mercantile Exchange. The contract jumped $1.99 the previous day to close at $103.19.

Brent crude for September delivery, a benchmark for international oils, rose 43 cents to $108.62 on the ICE exchange in London.

A series of geopolitical events pushed prices higher by raising concern that oil supplies could become tighter, even though no disruptions were imminent.

The Obama Administration announced new sanctions against Russian energy companies late Wednesday, including against Rosneft, Russia's biggest oil producer. While analysts say the stiffer sanctions are unlikely to cause any dip in production or exports in the short term, they could prevent or delay future exploration and production.

The crash of a Malaysian Airlines passenger plane over Ukraine, which Ukrainian officials said was shot down, raised the risk of a sharper conflict between Ukraine and Russia that could lead to even tighter Western sanctions against Moscow. And fighting in the Gaza strip intensified after a shaky cease-fire expired, yet another source of turmoil in the Middle East, the world's most important oil-producing region.

In other Nymex trading:

— Wholesale gasoline added 0.5 cent to $2.862 a gallon.

— Natural gas rose 0.6 cent to $3.96 per 1,000 cubic feet.

— Heating oil rose 0.7 cent to $2.879 a gallon.

 

 

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