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Price of 3131995444 Barrels Crude-oil-brent

3131995444 Barrels of Crude-oil-brent is equal to
= $203579703860
3131995444 barrels of crude-oil-brent = $203579703860
31319954440 barrels of crude-oil-brent = $2035797038600
313199544400 barrels of crude-oil-brent = $20357970386000
3131995444000 barrels of crude-oil-brent = $2.0357970386E+14
More Price Conversion:
953 barrels of crude-oil-brent
295000 barrels of crude-oil-brent
9858283229 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.