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Price of 5541121306 Barrels Crude-oil-WTI

5541121306 Barrels of Crude-oil-WTI is equal to
= $332467278360
5541121306 barrels of crude-oil-WTI = $332467278360
55411213060 barrels of crude-oil-WTI = $3324672783600
554112130600 barrels of crude-oil-WTI = $33246727836000
5541121306000 barrels of crude-oil-WTI = $3.3246727836E+14
More Price Conversion:
981 barrels of crude-oil-WTI
497000 barrels of crude-oil-WTI
6941567666 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.