Sugar can correlate with crude oil because Brazil is the world’s leading free-market sugarcane producer, and Brazilian sugarcane is a primary ingredient in Brazilian ethanol production. Given crude oil’s price action,

Crude oil outlook remains volatile as Hormuz risks, Iran talks and Trump comments drive WTI and Brent futures into a critical week.

There are signs that crude oil prices have peaked. The daily chart shows that Brent formed a double-top pattern at $114.97 and a neckline at $86.25, its lowest level in March this year. A double-top is one of the most common bearish signs in technical analysis.

If you bought the United States Oil Fund (NYSEARCA:USO) to bet on rising crude prices, the fund is living up to its reputation. USO is up 114% year to date as WTI rallies. The problem emerges when you hold it across a full oil cycle.

An extensive cleanup effort has been launched in Los Angeles after a ruptured pipeline released crude oil into the L.A. River. ​ The Office of Spill Prevention and Response confirmed in a statement that the pipe in East Los Angeles was struck by a telecommunications contractor on Friday morning.

Oil from a broken underground pipe was sent oozing along a major East Los Angeles street and into storm drains Friday morning, prompting a street closure and a major cleanup operation. The leak has been controlled and is no longer releasing crude oil in the streets,

A pipeline rupture in East Los Angeles early Friday morning resulted in a crude oil spill, according to officials.

By Pooja Menon May 26 (Reuters) - Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried ​out strikes in southern Iran in what it ​described as defensive actions,