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Price of 4974987159 Barrels Crude-oil-WTI

4974987159 Barrels of Crude-oil-WTI is equal to
= $298499229540
4974987159 barrels of crude-oil-WTI = $298499229540
49749871590 barrels of crude-oil-WTI = $2984992295400
497498715900 barrels of crude-oil-WTI = $29849922954000
4974987159000 barrels of crude-oil-WTI = $2.9849922954E+14
More Price Conversion:
292 barrels of crude-oil-WTI
874000 barrels of crude-oil-WTI
8702592996 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.