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Price of 2647781071 Barrels Crude-oil-brent

2647781071 Barrels of Crude-oil-brent is equal to
= $172105769615
2647781071 barrels of crude-oil-brent = $172105769615
26477810710 barrels of crude-oil-brent = $1721057696150
264778107100 barrels of crude-oil-brent = $17210576961500
2647781071000 barrels of crude-oil-brent = $1.72105769615E+14
More Price Conversion:
460 barrels of crude-oil-brent
545000 barrels of crude-oil-brent
5712567504 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.