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Price of 3389641308 Barrels Crude-oil-brent

3389641308 Barrels of Crude-oil-brent is equal to
= $220326685020
3389641308 barrels of crude-oil-brent = $220326685020
33896413080 barrels of crude-oil-brent = $2203266850200
338964130800 barrels of crude-oil-brent = $22032668502000
3389641308000 barrels of crude-oil-brent = $2.2032668502E+14
More Price Conversion:
429 barrels of crude-oil-brent
842000 barrels of crude-oil-brent
4074346347 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.