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Price of 2966412234 Barrels Crude-oil-brent

2966412234 Barrels of Crude-oil-brent is equal to
= $192816795210
2966412234 barrels of crude-oil-brent = $192816795210
29664122340 barrels of crude-oil-brent = $1928167952100
296641223400 barrels of crude-oil-brent = $19281679521000
2966412234000 barrels of crude-oil-brent = $1.9281679521E+14
More Price Conversion:
567 barrels of crude-oil-brent
459000 barrels of crude-oil-brent
7522074470 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.