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Price of 2483590278 Barrels Crude-oil-WTI

2483590278 Barrels of Crude-oil-WTI is equal to
= $149015416680
2483590278 barrels of crude-oil-WTI = $149015416680
24835902780 barrels of crude-oil-WTI = $1490154166800
248359027800 barrels of crude-oil-WTI = $14901541668000
2483590278000 barrels of crude-oil-WTI = $1.4901541668E+14
More Price Conversion:
661 barrels of crude-oil-WTI
566000 barrels of crude-oil-WTI
6500786604 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 Nov 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.