Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
 | | Term of the Day | Words to Know | | |  | | Crude Oil | | Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil can be refined to produce usable products such as gasoline, diesel, and various other forms of petrochemicals. It is a nonrenewable resource, which means that it can't be replaced naturally at the rate we consume it and is, therefore, a limited resource. | | Read More » | | SPONSORED BY INVESCO | | The Complete Guide to ETFs | | ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. | | Learn More » | | | Petroleum | | Petroleum is a fluid found in the earth that can be refined into fuel and plastic. Humans rely on petroleum for more than just gasoline, but it has a large and negative impact on the environment. | | Read More » | | | Nonrenewable Resources | | A nonrenewable resource is a natural substance that is not replenished with the speed at which it is consumed. It is a finite resource. | | Read More » | | | Commodity | | A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. | | Read More » | | | Spot Market | | The spot market is where financial instruments, such as commodities, currencies, and securities, are traded for immediate delivery. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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