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Price of 1175221788 Barrels Crude-oil-WTI

1175221788 Barrels of Crude-oil-WTI is equal to
= $70513307280
1175221788 barrels of crude-oil-WTI = $70513307280
11752217880 barrels of crude-oil-WTI = $705133072800
117522178800 barrels of crude-oil-WTI = $7051330728000
1175221788000 barrels of crude-oil-WTI = $70513307280000
More Price Conversion:
592 barrels of crude-oil-WTI
743000 barrels of crude-oil-WTI
7502456518 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.