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What does crude oil mean?

Looking for the meaning or definition of the word crude oil? Here's what it means.

Noun
  1. Unrefined oil; as it is found underground, consisting mainly of hydrocarbons
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Experts have been saying that we have another 40 or so years of cheap recoverable crude oil left.
Tyres are no longer manufactured from rubber plants but from synthetic materials produced from crude oil.
But motorists may wonder why the price of petrol leaps up so quickly when the crude oil it comes from was sold when the price was much lower.
The EU is considering making all-risks, third-party insurance compulsory for ships carrying crude oil.
Two products which come directly from the crude oil and do not require further processing are asphalt and waxes.
China links domestic prices for crude oil and refined products to international prices, adjusted after a one-month lag.

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