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Price of 1240324808 Barrels Crude-oil-WTI

1240324808 Barrels of Crude-oil-WTI is equal to
= $74419488480
1240324808 barrels of crude-oil-WTI = $74419488480
12403248080 barrels of crude-oil-WTI = $744194884800
124032480800 barrels of crude-oil-WTI = $7441948848000
1240324808000 barrels of crude-oil-WTI = $74419488480000
More Price Conversion:
856 barrels of crude-oil-WTI
728000 barrels of crude-oil-WTI
3834391730 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.