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Price of 1048006769 Barrels Crude-oil-WTI

1048006769 Barrels of Crude-oil-WTI is equal to
= $62880406140
1048006769 barrels of crude-oil-WTI = $62880406140
10480067690 barrels of crude-oil-WTI = $628804061400
104800676900 barrels of crude-oil-WTI = $6288040614000
1048006769000 barrels of crude-oil-WTI = $62880406140000
More Price Conversion:
377 barrels of crude-oil-WTI
125000 barrels of crude-oil-WTI
7883294096 barrels of crude-oil-WTI

*please enter quantity number, select a unit and the type of commodity goods, then click getPrice button.

Precious Metals & Solid Commodity:
Oils & Fuel:
Agricultures & Livestocks:

*The average price as of Oct 2024.
Source: markets.businessinsider.com

Average Commodity Price

Use this tool to find the average price of commodities.

What is a commodity?

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.