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246 bytes added ,  02:53, June 7, 2017
As of June 6, 2017, crude oil was trading at about $48 a barrel, which is a relatively low inflation-adjusted price for the last decade. Twenty years ago, in late 1998, crude oil briefly fell to prices much cheaper than its market price today.
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It is a heavy dark [[liquid]], consisting of many different [[hydrocarbon]] [[chemical compound|compound]]s.  Wells are drilled deep in to the ground, and the crude oil is extracted and [[distillation|fractionated]] into its components by volatility in an oil refinery.  Recent advances in drilling technology have enabled deeper and more difficult wells to be successfully drilled, allowing previously inaccessible reserves to be tapped.   
 
It is a heavy dark [[liquid]], consisting of many different [[hydrocarbon]] [[chemical compound|compound]]s.  Wells are drilled deep in to the ground, and the crude oil is extracted and [[distillation|fractionated]] into its components by volatility in an oil refinery.  Recent advances in drilling technology have enabled deeper and more difficult wells to be successfully drilled, allowing previously inaccessible reserves to be tapped.   
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As of June 6, 2017, crude oil was trading at about $48 a barrel, which is a relatively low inflation-adjusted price for the last decade.  Twenty years ago, in late 1998, crude oil briefly fell to prices much cheaper than its market price today.
    
==Petroleum products==
 
==Petroleum products==
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