crude oil

  

Definition

Mixture of naturally occurring hydrocarbons that is refined into diesel, gasoline, heating oil, jet fuel, kerosene, and literally thousands of other products called petrochemicals. Crude oils are named according to their contents and origins, and classified according to their per unit weight (specific gravity). Heavier crudes yield more heat upon burning, but have lower API gravity and market price in comparison to light (or sweet) crudes. See also petroleum.

Use crude oil in a sentence

  • One of the impacts of our trucking company's bottom line is the price of crude oil, because as a raw gasoline component, the wildly fluctuating price has done equal justice to our quarterly revenues.

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  • If you can get in the crude oil business and have a good sense you will be able to make a lot of money in your life.

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  • If you want to make a lot of money and aren't sure where to start then crude oil could be the place.

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