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Price of 3113489710 Barrels Crude-oil-brent

3113489710 Barrels of Crude-oil-brent is equal to
= $202376831150
3113489710 barrels of crude-oil-brent = $202376831150
31134897100 barrels of crude-oil-brent = $2023768311500
311348971000 barrels of crude-oil-brent = $20237683115000
3113489710000 barrels of crude-oil-brent = $2.0237683115E+14
More Price Conversion:
431 barrels of crude-oil-brent
562000 barrels of crude-oil-brent
2771655356 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.