Acetone and olive oil experiences the similar types of intramolecular forces. Acetone acts as a good solvent for many organic chemicals because it contains nonpolar C–C and C–H bonds as well as a highly polar C=O bond. This makes it a versatile solvent, good for a wide range of organic chemicals. The hydrophobic nature of the C-C and C-H bonds in acetone that attracts the hydrophobic poly C-H/C=H tail of olive oil. This is the reason for acetone solubility in oil and water.