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.
Two oil tanker attacks on June 13 in the Gulf of Oman, a key waterway used for shipping oil to the world by seven major Middle Eastern producers,...
Investors dumped stocks and other risk assets, including oil, and fled into the safe havens of US dollar, the yen and gold last week, as the USÂ and...