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The price of a barrel of oil will vary daily, depending on the properties of the oil. Right now, oil is around $102/barrel for sweet, West Texas light oil. This is the price from the futures market for the most recent contract. It will change during the day, and may be higher or lower at by the end of tody (March 22).
I have included an additional link if you question is how do we put a market value on oil that is yet to be produced. An oil well will tend to decline in rate, so if oil prices stay constant, the well makes less money and eventually will run out of oil. So, the value of a well may be calculated using a cash flow analyses with an production and oil price forecast. Frequently, the valuation is compared with what other investors are paying for oil properties.
See related links.
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How much oil is in a barrel of oil?
1 barrel of oil = 158.987295 liters 1 barrel of oil = 42 US gallons
Cost of a barrel of oil in 1995?
The average price for a barrel of oil in 1995 was: $16.75
What is the price of a barrel of oil?
As of September 1, 2012 the price of a barrel of oil is $96.48. To see the current price of a barrel of oil see the related link below, which gives the current price of oil.
How much was a barrel of crude oil worth?
That was the month and year that a barrel of crude oil reached its highest level: $128.08 per barrel.
What was the oil price per barrel in 2003?
The average price for a barrel of crude oil in 2003 was $27.56
Value of one barrel ofm oil in world market?
20 000000000 pounds
How much oil is in a barrel of oil?
1 barrel of oil = 158.987295 liters 1 barrel of oil = 42 US gallons
How big is a barrel of oil you always see the price of a barrel of oil but how big is a barrel?
The oil in those barrels is crude oil. They hold 42 gallons.
What do oil refineries get from a barrel of oil?
About 19.5 gallons of gasoline per barrel.
Are there 11000 gal barrel of oil?
A barrel of oil is equal to 42 gallons.
How big is a barrel of oil?
A barrel of oil in the U.S. is equivalent to 42 gallons.
What is the size of a barrel of crude oil?
A barrel of crude oil is 159 Litres.
How much does a barrel of oil sell for 2011?
UK Oil cost £112.56/Barrel US Oil cost $102.12/Barrel Save
What is the difference between a gallon and barrel of oil?
The difference between barrel and gallen is that a barrel can load 220 litre oil and a gallon can load millions of oil.
How many Btu's in one barrel of oil?
1 barrel of oil is about 5,800,640.8 BTUs
How much oil in a us barrel?
There are 42 gallons of crude oil per barrel.
How many pints of oil in a barrel?
There are 336 pints of crude oil in one barrel.
