Preheat the oven to 350 degrees Fahrenheit.
Place the butter and sugar into a mixing bowl and beat together until creamy.
Once the mixture is creamy, add in the eggs and extracts. Mix until well combined.
Continue with adding the vegetable oil and milk.
Once mixed, add in the baking powder and salt. Mix until fully incorporated.
Slowly add in the flour in ½ cup increments until all the flour is fully incorporated into the batter.
Fold the chopped strawberries into the batter.
In a muffin pan lined with cupcake liners, fill each liner 2/3 of the way full of batter.
Place the pan in the oven and allow to bake for 18-20 minutes or until a toothpick comes out clean.
Once fully baked, remove from the oven and allow to cool.
While the cupcakes are cooling, prepare the frosting.