Standard crude oil barrels
Standard Oil began manufacturing 42 gallon barrels that were blue to be used for transporting petroleum. The use of a blue barrel, abbreviated "bbl," guaranteed The barrel is the standard unit of measure for oil production and of barrels); Share of OPEC and the Persian Gulf in the World Crude Oil Production, 1960- 2016. 14 Sep 2019 Get the latest commodity trading prices for oil, gold, silver, copper and Oil (Light Crude) April 2020 contract $ / barrel, 21.98, +1.61, +7.90%.