Monday, July 26, 2010

What is the volume in gallons of a barrel of oil ie when they say the price of oil.?

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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