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Price of 1581919537 Barrels Crude-oil-brent

1581919537 Barrels of Crude-oil-brent is equal to
= $102824769905
1581919537 barrels of crude-oil-brent = $102824769905
15819195370 barrels of crude-oil-brent = $1028247699050
158191953700 barrels of crude-oil-brent = $10282476990500
1581919537000 barrels of crude-oil-brent = $1.02824769905E+14
More Price Conversion:
948 barrels of crude-oil-brent
521000 barrels of crude-oil-brent
2875728572 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 Dec 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.