Acetone is a chemical substance that is highly flammable.
It may be found in the automotive exhaust, plants, trees, and the human body, most often in urine and blood.
It is colorless and very combustible and has a strong or unpleasant aroma.
Solubility of acetone in oil and water
Acetone possesses polar and nonpolar characteristics, allowing it to interact with polar and nonpolar molecules via dipole-dipole and dispersion intermolecular interactions.
The water and oil are polar and non-polar, but acetone is miscible in both.
Acetone has a polar bond that may form hydrogen bonds with water molecules.
Acetone also contains two methyl groups, which interact with oil via dispersion forces.