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Price of 2848938826 Barrels Crude-oil-WTI

2848938826 Barrels of Crude-oil-WTI is equal to
= $170936329560
2848938826 barrels of crude-oil-WTI = $170936329560
28489388260 barrels of crude-oil-WTI = $1709363295600
284893882600 barrels of crude-oil-WTI = $17093632956000
2848938826000 barrels of crude-oil-WTI = $1.7093632956E+14
More Price Conversion:
680 barrels of crude-oil-WTI
581000 barrels of crude-oil-WTI
9431483369 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.