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Price of 1174986515 Barrels Crude-oil-WTI

1174986515 Barrels of Crude-oil-WTI is equal to
= $70499190900
1174986515 barrels of crude-oil-WTI = $70499190900
11749865150 barrels of crude-oil-WTI = $704991909000
117498651500 barrels of crude-oil-WTI = $7049919090000
1174986515000 barrels of crude-oil-WTI = $70499190900000
More Price Conversion:
683 barrels of crude-oil-WTI
509000 barrels of crude-oil-WTI
3247625841 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 Jan 2025.
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.