On a side note, here's a little history lesson from your friends at Ticker Sense. You might have noticed long ago that the official abbreviation for barrels (when referencing a barrel of crude oil) is ...

Oil prices have dropped to less than $54 per barrel, on the news that the United States has 309.3 million barrels in its inventory. * Barrels? Do oil companies really put oil in barrels? Not anymore.

55-Gallon barrels are the liquid storage standard. Learn why they remain reliable, versatile, and durable across industries that demand proven strength. Ask around, and most will picture the same ...