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Price of 1603125517 Barrels Crude-oil-WTI

1603125517 Barrels of Crude-oil-WTI is equal to
= $96187531020
1603125517 barrels of crude-oil-WTI = $96187531020
16031255170 barrels of crude-oil-WTI = $961875310200
160312551700 barrels of crude-oil-WTI = $9618753102000
1603125517000 barrels of crude-oil-WTI = $96187531020000
More Price Conversion:
200 barrels of crude-oil-WTI
477000 barrels of crude-oil-WTI
4305165179 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.