Animal oil is a type of oil derived from animals, such as cows, sheep, and goats. The two most common animal oils are lanolin and LIPID. Lanolin is a waxy substance found in the wool of sheep and other animals. It is used in cosmetics, ointments, and lubricants. LIPID is a type of fat found in the tissues of animals and plants. It is used in the production of soaps, detergents, and other products. Both lanolin and LIPID are important components of animal oil.