The lawsuit filed Wednesday in Los Angeles Superior Court charges four oil companies with failing to properly clean up at least 227 idle or exhausted wells in the oil field near Baldwin Hills.

Oil prices rose on Friday as the prospect of the U.S. intercepting more Venezuelan oil tankers deepened supply concerns, but remained on track for a weekly decline amid optimism over a possible Russia-Ukraine peace agreement.

Oil prices stumbled in 2025 on weaker demand and surging supply. One of the world's biggest commodities firms says the dynamic will worsen in 2026.