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Price of 8895529413 Barrels Crude-oil-WTI

8895529413 Barrels of Crude-oil-WTI is equal to
= $533731764780
8895529413 barrels of crude-oil-WTI = $533731764780
88955294130 barrels of crude-oil-WTI = $5337317647800
889552941300 barrels of crude-oil-WTI = $53373176478000
8895529413000 barrels of crude-oil-WTI = $5.3373176478E+14
More Price Conversion:
752 barrels of crude-oil-WTI
794000 barrels of crude-oil-WTI
7162813547 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 Dec 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.