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Price of 1311850200 Barrels Crude-oil-brent

1311850200 Barrels of Crude-oil-brent is equal to
= $85270263000
1311850200 barrels of crude-oil-brent = $85270263000
13118502000 barrels of crude-oil-brent = $852702630000
131185020000 barrels of crude-oil-brent = $8527026300000
1311850200000 barrels of crude-oil-brent = $85270263000000
More Price Conversion:
981 barrels of crude-oil-brent
894000 barrels of crude-oil-brent
5417350399 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.