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Price of 1200496539 Barrels Crude-oil-brent

1200496539 Barrels of Crude-oil-brent is equal to
= $78032275035
1200496539 barrels of crude-oil-brent = $78032275035
12004965390 barrels of crude-oil-brent = $780322750350
120049653900 barrels of crude-oil-brent = $7803227503500
1200496539000 barrels of crude-oil-brent = $78032275035000
More Price Conversion:
21 barrels of crude-oil-brent
611000 barrels of crude-oil-brent
3244832373 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 Feb 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.