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Price of 3958138356 Barrels Crude-oil-brent

3958138356 Barrels of Crude-oil-brent is equal to
= $257278993140
3958138356 barrels of crude-oil-brent = $257278993140
39581383560 barrels of crude-oil-brent = $2572789931400
395813835600 barrels of crude-oil-brent = $25727899314000
3958138356000 barrels of crude-oil-brent = $2.5727899314E+14
More Price Conversion:
725 barrels of crude-oil-brent
619000 barrels of crude-oil-brent
5156811497 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 Sep 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.