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Price of 4614928730 Barrels Crude-oil-brent

4614928730 Barrels of Crude-oil-brent is equal to
= $299970367450
4614928730 barrels of crude-oil-brent = $299970367450
46149287300 barrels of crude-oil-brent = $2999703674500
461492873000 barrels of crude-oil-brent = $29997036745000
4614928730000 barrels of crude-oil-brent = $2.9997036745E+14
More Price Conversion:
386 barrels of crude-oil-brent
537000 barrels of crude-oil-brent
3963775130 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 Nov 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.