Crude Oil Definition: Why It Matters for Investors and Markets
Crude oil just jumped nearly 3% as tracked by the USO ETF. Here's the crude oil definition, what drives its price, and why OPEC, inventories and the dollar still matter…
Crude oil just jumped nearly 3% as tracked by the USO ETF. Here's the crude oil definition, what drives its price, and why OPEC, inventories and the dollar still matter…
Crude oil jumped sharply as USO gained nearly 6% and WTI Midland spiked over 9%, but not every grade moved the same direction. Here is what is driving the split.

Crude oil is the unrefined petroleum pumped from underground reservoirs and refined into fuels and chemicals. Here is how it forms, how it is priced, and why it moves markets.