Crude Oil

Crude oil is the raw oil obtained from drilling and then refined to produce products such as gasoline, diesel, kerosene, etc.  The price of crude oil is measured by benchmarks such as Brent and WTI.  Like any other commodity, supply and demand affect oil prices.  Also, like any other commodity, the strength of the US dollar affects oil prices.  As the US dollar strengthens, oil prices decrease and vice versa.

Dollar vs. Oil Price Inverse Relationship