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Price of 1162275614 Barrels Crude-oil-brent

1162275614 Barrels of Crude-oil-brent is equal to
= $75547914910
1162275614 barrels of crude-oil-brent = $75547914910
11622756140 barrels of crude-oil-brent = $755479149100
116227561400 barrels of crude-oil-brent = $7554791491000
1162275614000 barrels of crude-oil-brent = $75547914910000
More Price Conversion:
639 barrels of crude-oil-brent
987000 barrels of crude-oil-brent
7981238176 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.