Business, Legal & Accounting Glossary
An organic and viscous liquid comprised of various hydrocarbon compounds that exists naturally below the Earth’s surface. Depending on the geological structure of its reservoir, subsurface conditions and the methods used for extraction, its composite structure can vary between heavy fluids, solids and gaseous liquids. Due to its limited supply and concentration of producers, crude oil is a price-sensitive commodity exchanged on the open market.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Crude Oil are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.