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Price of 4987800815 Barrels Crude-oil-WTI

4987800815 Barrels of Crude-oil-WTI is equal to
= $299268048900
4987800815 barrels of crude-oil-WTI = $299268048900
49878008150 barrels of crude-oil-WTI = $2992680489000
498780081500 barrels of crude-oil-WTI = $29926804890000
4987800815000 barrels of crude-oil-WTI = $2.992680489E+14
More Price Conversion:
973 barrels of crude-oil-WTI
811000 barrels of crude-oil-WTI
1069625713 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.