There are 42 gallons in the barrels referred to in oil trading.What is the volume in gallons of a barrel of oil ie when they say the price of oil.? I believe a ';barrel'; is 55 gallons of oil (50 Imperial gallons).What is the volume in gallons of a barrel of oil ie when they say the price of oil.? 55 gallons IIRC 44 gallons... but could be wrong. 33 gallons
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