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Price of 1228855098 Barrels Crude-oil-brent

1228855098 Barrels of Crude-oil-brent is equal to
= $79875581370
1228855098 barrels of crude-oil-brent = $79875581370
12288550980 barrels of crude-oil-brent = $798755813700
122885509800 barrels of crude-oil-brent = $7987558137000
1228855098000 barrels of crude-oil-brent = $79875581370000
More Price Conversion:
200 barrels of crude-oil-brent
902000 barrels of crude-oil-brent
3327466174 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 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.