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Price of 5191247609 Barrels Crude-oil-WTI

5191247609 Barrels of Crude-oil-WTI is equal to
= $311474856540
5191247609 barrels of crude-oil-WTI = $311474856540
51912476090 barrels of crude-oil-WTI = $3114748565400
519124760900 barrels of crude-oil-WTI = $31147485654000
5191247609000 barrels of crude-oil-WTI = $3.1147485654E+14
More Price Conversion:
447 barrels of crude-oil-WTI
815000 barrels of crude-oil-WTI
5005852377 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.