Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
The cost of a barrel of oil is the worldwide unit of measurement used for indicating the cost of crude oil on the three main international oil markets, including the New York Mercantile Exchange (NYMEX), the International Petroleum Exchange (IPE) and the Singapore International Monetary Exchange (SIMEX).
