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.
​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...
​WTI futures rise for third week on Israel-Iran conflict amid volatile week. US rig count drops for eighth week in a row. WTI OI PCR declined while...