Pursuits
The Only Oil Worth Owning
Crude prices down? Olive oil’s cooking
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While crude has tumbled, another oil has been crushing it. Olive oil prices have surged after a drought and a fruit fly infestation leveled crops in Italy and Spain. “Whatever happens in Spain affects the entire market,” says Lucy Landesman Halperin Zaro, president of olive oil importer Italica Imports in Rye, N.Y.