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Price of 2816912501 Barrels Crude-oil-WTI

2816912501 Barrels of Crude-oil-WTI is equal to
= $169014750060
2816912501 barrels of crude-oil-WTI = $169014750060
28169125010 barrels of crude-oil-WTI = $1690147500600
281691250100 barrels of crude-oil-WTI = $16901475006000
2816912501000 barrels of crude-oil-WTI = $1.6901475006E+14
More Price Conversion:
804 barrels of crude-oil-WTI
35000 barrels of crude-oil-WTI
6739784128 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 Dec 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.