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Price of 1180070577 Barrels Crude-oil-WTI

1180070577 Barrels of Crude-oil-WTI is equal to
= $70804234620
1180070577 barrels of crude-oil-WTI = $70804234620
11800705770 barrels of crude-oil-WTI = $708042346200
118007057700 barrels of crude-oil-WTI = $7080423462000
1180070577000 barrels of crude-oil-WTI = $70804234620000
More Price Conversion:
44 barrels of crude-oil-WTI
429000 barrels of crude-oil-WTI
7135465874 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 Nov 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.