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Price of 3948816711 Barrels Crude-oil-WTI

3948816711 Barrels of Crude-oil-WTI is equal to
= $236929002660
3948816711 barrels of crude-oil-WTI = $236929002660
39488167110 barrels of crude-oil-WTI = $2369290026600
394881671100 barrels of crude-oil-WTI = $23692900266000
3948816711000 barrels of crude-oil-WTI = $2.3692900266E+14
More Price Conversion:
376 barrels of crude-oil-WTI
756000 barrels of crude-oil-WTI
4297373965 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 Sep 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.