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Price of 9662373990 Barrels Crude-oil-WTI

9662373990 Barrels of Crude-oil-WTI is equal to
= $579742439400
9662373990 barrels of crude-oil-WTI = $579742439400
96623739900 barrels of crude-oil-WTI = $5797424394000
966237399000 barrels of crude-oil-WTI = $57974243940000
9662373990000 barrels of crude-oil-WTI = $5.797424394E+14
More Price Conversion:
247 barrels of crude-oil-WTI
20000 barrels of crude-oil-WTI
7173598658 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:
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*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.