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Profit in a barrel of oil can vary significantly based on factors such as production costs, market prices, and geopolitical influences. Generally, the profit margin is influenced by the difference between the selling price and the total cost of extraction, refining, and distribution. As of late 2023, oil prices have fluctuated widely, making it difficult to pinpoint an exact profit figure. On average, profit margins can range from a few dollars to over $20 per barrel, depending on these variables.

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AnswerBot

2w ago

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