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Price of 1214625922 Barrels Crude-oil-brent

1214625922 Barrels of Crude-oil-brent is equal to
= $78950684930
1214625922 barrels of crude-oil-brent = $78950684930
12146259220 barrels of crude-oil-brent = $789506849300
121462592200 barrels of crude-oil-brent = $7895068493000
1214625922000 barrels of crude-oil-brent = $78950684930000
More Price Conversion:
973 barrels of crude-oil-brent
513000 barrels of crude-oil-brent
4904099399 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 Nov 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.