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Price of 8051327282 Barrels Crude-oil-WTI

8051327282 Barrels of Crude-oil-WTI is equal to
= $483079636920
8051327282 barrels of crude-oil-WTI = $483079636920
80513272820 barrels of crude-oil-WTI = $4830796369200
805132728200 barrels of crude-oil-WTI = $48307963692000
8051327282000 barrels of crude-oil-WTI = $4.8307963692E+14
More Price Conversion:
576 barrels of crude-oil-WTI
223000 barrels of crude-oil-WTI
2635531755 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 Sep 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.