Tag Archives: oil

How many barrels of oil in one ounce of gold?

Currently, a barrel of oil is around $32. An ounce of gold is around $1,232. That means if you were trading barter-style, it would take around 38.5 barrels of gold in exchange for 1 ounce of gold. Or in other words, about 6,121 litres (or 1,617 gallons) of oil in exchange for 1 measly ounce…

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