What is the difference between Beard Oil and Utility Balm?

—Urban Beardsman
Utility Balm and Beard Oil both work as a leave in conditioner for your beard that will moisturize, soften, condition and scent your beard. However, Utility Balm also functions as a skin moisturizer that you can apply to dry skin anywhere on your body. Utility Balm also contains some wax in it. So it can also help provide a small amount of hold and light weight to your beard.