Report post

What is the abbreviation for a barrel of crude oil?

The abbreviation indicates one barrel of crude oil, but you may see Gbbl (one billion barrels), as well as Mbbl (one million barrels) or Kbbl for one thousand barrels. For example, you can see that Brent crude oil spot prices are quoted by the barrel (bbl), as are West Texas Intermediate (WTI) oil prices on global futures exchanges like NYMEX.

What is a barrel of crude oil?

"BARREL" DEFINED: For the purpose of these rules, a "barrel" of crude petroleum is declared to be forty-two (42) gallons of 231 cubic inches per gallon at sixty degrees Fahrenheit (60° F). 4. OIL INVOLVED IN LITIGATION, ETC.

Where can I buy barrels of crude oil?

You can purchase barrels of crude oil fromoil and gas companies, commodity traders, and investment firms that specialize in the trading of energy commodities.

Related articles

Hawk Tuah Crypto Scam: Everything You Need to Know

Hawk Tuah Crypto Scam: Everything You Need to Know2024-12-06 17:43:06Since its inception, Haliey Welch’s memecoin HAWK […]

Rollblock ($RBLK) Coin Review & Analysis: Next Big Token To Explode?

Rollblock ($RBLK) Coin Review & Analysis: Next Big Token To Explode?2024-12-06 17:30:54Fueled by Donald Trump’s big win in US election, the wh […]

Ripple’s RLUSD Stablecoin: Everything You Need to Know

Ripple’s RLUSD Stablecoin: Everything You Need to Know2024-12-06 16:37:42Ripple intends to incorporate both XRP and RLUSD into i […]

Will Ripple Recover From XRP’s Price Drop Following RLUSD Launch Delay?

Will Ripple Recover From XRP’s Price Drop Following RLUSD Launch Delay?2024-12-06 16:31:49As it awaits a final approval from the New York Departm […]

BTCC vs. KuCoin: which crypto exchange is best for you?

BTCC vs. KuCoin: which crypto exchange is best for you?2024-12-06 16:25:06With the rapid development of digit assets, more and mo […]

Ethereum Price Prediction 2023, 2025, 2030: How High Can ETH Go in 2023?

Ethereum Price Prediction 2023, 2025, 2030: How High Can ETH Go in 2023? 2023-09-12 11:30:30 Ethereum Price Prediction Overview: According to our analysis, ETH coin is expected to reach a maxim...

Ethereum (ETH) Price Prediction 2023, 2025, 2030 — Is ETH a Good Investment?

Ethereum (ETH) Price Prediction 2023, 2025, 2030 — Is ETH a Good Investment? 2023-07-26 09:00:32     Ethereum maintains its position as the largest alternative cryptocurrency. Despi...

DogeBonk (DOBO) Price Prediction 2023, 2025, 2030 – How Much Will DOBO be Worth?

DogeBonk (DOBO) Price Prediction 2023, 2025, 2030 – How Much Will DOBO be Worth? 2023-01-03 16:00:38 Abstract: DOBO is currently worth $0.00000001. In one year, DogeBonk might reach $0.00000001...

ETC Price Prediction 2025-2030: Will Ethereum Classic Go Up?

ETC Price Prediction 2025-2030: Will Ethereum Classic Go Up? 2022-12-26 18:00:43 ETC Price Prediction 2025, 2030 Overview: The maximum and minimum Ethereum Classic prices are $67.52...

HBAR Price Prediction 2025: How Much Is HBAR Worth in 2025?

HBAR Price Prediction 2025: How Much Is HBAR Worth in 2025? 2022-12-06 09:58:36 Our HBAR price prediction 2025 forecasts that the expected maximum and minimum prices of Hedera will...

The World's Leading Crypto Trading Platform

Get my welcome gifts

BTCC | The Worlds Most Trusted Crypto Exchange