There are different grades of CO2. Beverage grade is 99.9% pure, welding CO2 is about 99.5% pure. The rest is impurities, mostly water vapor, ammonia, and of coarse, oxygen. The level of oxygen is about .5 ppm in beverage grade. So if you used 5-6 ounces of CO2 to carbonated your 5 gallons of beer you would be putting about .0000032 ounces of oxygen into the 640 ounces (5 gallons) of beer. Which would give you roughly 5 ppb of dissolved oxygen added from carbonating. Well within the limits. If you carbonated with welding CO2, you could assume 5 times that amount, 25 ppb. Both are within the acceptable levels, but the beverage grade is obviously better.