The term "crude prices" refers to the market value or price of crude oil, which is a naturally occurring liquid found in underground reservoirs. Crude oil serves as an important source of energy and raw materials for various industries such as transportation, manufacturing, and chemical production. The price of crude oil fluctuates based on global supply and demand factors, geopolitical tensions, and other economic indicators. Therefore, "crude prices" is a commonly used term in financial news and analysis to indicate the current state of the market for this valuable commodity.