UPDATED – 6:37 a.m, ET.
The Los Angeles Fire Department has confirmed that a pipe has burst, and 50,000 gallons of crude oil are now spilling into the streets of L.A.
According to NBC Los Angeles, the oil was was seen "shooting upward in the sky" and onto the nearby businesses, including the Gentlemen's Club, a local strip club.
The LAFD said that the Gentlemen's Club was evacuated.