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Price of 1516346375 Barrels Crude-oil-WTI

1516346375 Barrels of Crude-oil-WTI is equal to
= $90980782500
1516346375 barrels of crude-oil-WTI = $90980782500
15163463750 barrels of crude-oil-WTI = $909807825000
151634637500 barrels of crude-oil-WTI = $9098078250000
1516346375000 barrels of crude-oil-WTI = $90980782500000
More Price Conversion:
816 barrels of crude-oil-WTI
739000 barrels of crude-oil-WTI
3271504387 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.