How many tons of crude oil per hand?
Crude oil is about 136 tons. In crude oil trading, the number of standard contracts is expressed by one hand, while the standard contract of crude oil futures refers to 1000 barrels. The unit of measurement of crude oil is barrel. A barrel is equal to 159 liter and weighs about 136 kg. Therefore, the quantity of primary crude oil futures is 1000 barrels, which is approximately equal to 136 tons.