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Price of 1129467806 Barrels Crude-oil-brent

1129467806 Barrels of Crude-oil-brent is equal to
= $73415407390
1129467806 barrels of crude-oil-brent = $73415407390
11294678060 barrels of crude-oil-brent = $734154073900
112946780600 barrels of crude-oil-brent = $7341540739000
1129467806000 barrels of crude-oil-brent = $73415407390000
More Price Conversion:
308 barrels of crude-oil-brent
252000 barrels of crude-oil-brent
3977593550 barrels of crude-oil-brent

*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.