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Price of 2979315495 Barrels Crude-oil-brent

2979315495 Barrels of Crude-oil-brent is equal to
= $193655507175
2979315495 barrels of crude-oil-brent = $193655507175
29793154950 barrels of crude-oil-brent = $1936555071750
297931549500 barrels of crude-oil-brent = $19365550717500
2979315495000 barrels of crude-oil-brent = $1.93655507175E+14
More Price Conversion:
507 barrels of crude-oil-brent
683000 barrels of crude-oil-brent
1799467172 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 Feb 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.