Crude oil is an unrefined, naturally occurring petroleum product derived from hydrocarbon deposits and other organic materials. Petroleum products such as gasoline, diesel, and petrochemicals can be refined from crude oil. WTI Crude Oil and Brent Crude Oil are the most widely known types of crude oil.

Brent crude oil comes from oil fields in the United States, while WTI crude oil comes from oil fields in the North Sea. WTI is usually sweeter, lighter, and less expensive than Brent.

Crude oil is one of the most important commodities in the world. Virtually all of our modern society relies on it, and many people are not aware of what it is. It can be found in some form or another nearly everywhere, but it is actually a natural resource that comes from the earth. Crude petroleum (or crude oil), also known as black gold, is typically found in underground reservoirs under pressure created by an overlying rock formation.

Crude oil is a very important, major commodity, which is widely traded. It is extracted from underground reservoirs with some countries having considerable supply - mainly USA, Russia and Saudi Arabia.

Since crude oil is such an important commodity it is important fora trader to keep an eye on news related to it especially since it effects the USD.