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Price of 5184408774 Barrels Crude-oil-WTI

5184408774 Barrels of Crude-oil-WTI is equal to
= $311064526440
5184408774 barrels of crude-oil-WTI = $311064526440
51844087740 barrels of crude-oil-WTI = $3110645264400
518440877400 barrels of crude-oil-WTI = $31106452644000
5184408774000 barrels of crude-oil-WTI = $3.1106452644E+14
More Price Conversion:
414 barrels of crude-oil-WTI
229000 barrels of crude-oil-WTI
4170223691 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 Nov 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.