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Price of 1175266679 Barrels Crude-oil-WTI

1175266679 Barrels of Crude-oil-WTI is equal to
= $70516000740
1175266679 barrels of crude-oil-WTI = $70516000740
11752666790 barrels of crude-oil-WTI = $705160007400
117526667900 barrels of crude-oil-WTI = $7051600074000
1175266679000 barrels of crude-oil-WTI = $70516000740000
More Price Conversion:
759 barrels of crude-oil-WTI
73000 barrels of crude-oil-WTI
7985838956 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 Sep 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.