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Price of 8953166461 Barrels Crude-oil-WTI

8953166461 Barrels of Crude-oil-WTI is equal to
= $537189987660
8953166461 barrels of crude-oil-WTI = $537189987660
89531664610 barrels of crude-oil-WTI = $5371899876600
895316646100 barrels of crude-oil-WTI = $53718998766000
8953166461000 barrels of crude-oil-WTI = $5.3718998766E+14
More Price Conversion:
447 barrels of crude-oil-WTI
943000 barrels of crude-oil-WTI
7037561098 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.