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Price of 2471790617 Barrels Crude-oil-WTI

2471790617 Barrels of Crude-oil-WTI is equal to
= $148307437020
2471790617 barrels of crude-oil-WTI = $148307437020
24717906170 barrels of crude-oil-WTI = $1483074370200
247179061700 barrels of crude-oil-WTI = $14830743702000
2471790617000 barrels of crude-oil-WTI = $1.4830743702E+14
More Price Conversion:
912 barrels of crude-oil-WTI
148000 barrels of crude-oil-WTI
7120819942 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 Oct 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.