Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.
​OPEC sees steady oil demand, while IEA and EIA cut growth estimates. All agencies predict limited near-term rise in global oil demand. EIA bullish...
​WTI futures saw largest weekly drop since March 2023 as ceasefire between Israel and Iran impacted market, US rig count fell by 7, WTI OI PCR rose...