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crude oil Finance Definition
The raw material refined into gasoline, heating oil, propane, petrochemicals, jet fuel, and other products. A mixture of hydrocarbons, crude oil exists as a liquid underground and remains a liquid in the atmosphere after going through separating processes. Crude oil futures trade on the New York Mercantile Exchange as well as other futures exchanges throughout the world.

Browse dictionary entries near crude oil

  1. ‹ crude
  2. ‹ cruddy
  3. ‹ crudding
  4. ‹ cruddiest
  5. ‹ cruddier
  6. ‹ crudded
  7. ‹ crud
  8. ‹ crucifying
  9. ‹ crucify
  10. ‹ cruciformly
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