In common hydraulic cylinders the fluid's compressibility accounts for more volume variation (or absorption) than the metal, but by a moderate factor.
Typical liquid "bulk modulus" are like 0.7GPa (silicone), 1.xGPa (mineral oil), 2GPa (water), 2.xGPa (polyglycol) near 100b - it's not linear and depends strongly on residual bubbles. You can also find a "compressibility factor", the reciprocal. Sound speed is more easily found and its square equals the modulus divided by the density (all in consistent units, do it as you can with your Btu/ft/°F*in*Cd*Bq) - but this is the bulk modulus at room pressure, far smaller than at 100b.