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English definition of “oil”

oil

noun [U]
 
 
/ɔɪl/
NATURAL RESOURCES a thick liquid that comes from under the Earth's surface and is used as a fuel and for making plastics, etc.: More than 6,000 rigs were drilling for oil and gas. The oil price increase is a genuine concern. The oil exporting countries might not be able to meet rising world consumption.
(Definition of oil noun from the Cambridge Business English Dictionary © Cambridge University Press)
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