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Price of 1615796294 Barrels Crude-oil-WTI

1615796294 Barrels of Crude-oil-WTI is equal to
= $96947777640
1615796294 barrels of crude-oil-WTI = $96947777640
16157962940 barrels of crude-oil-WTI = $969477776400
161579629400 barrels of crude-oil-WTI = $9694777764000
1615796294000 barrels of crude-oil-WTI = $96947777640000
More Price Conversion:
34 barrels of crude-oil-WTI
31000 barrels of crude-oil-WTI
4720121399 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.