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Crude oil is a naturally-occurring substance found in certain rock formations in the earth. To extract the maximum value from crude, it needs to be refined into petroleum products. The best-known of these is gasoline, or petrol. Others include liquefied petroleum gas (LPG), naphtha, kerosene, gas oil and fuel oil. Oil wells are used to release the oil from within the earth.
what is the general crude oil commodity (Crude Oil per Barrel) trading name on NYSE..... think there are some crude oil indexes to track oil contracts. There is an index for oil companies. Commodities are sold as future contracts. They have a future delivery date. Each contract date will have it's own symbol.