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Price of 4896054150 Barrels Crude-oil-brent

4896054150 Barrels of Crude-oil-brent is equal to
= $318243519750
4896054150 barrels of crude-oil-brent = $318243519750
48960541500 barrels of crude-oil-brent = $3182435197500
489605415000 barrels of crude-oil-brent = $31824351975000
4896054150000 barrels of crude-oil-brent = $3.1824351975E+14
More Price Conversion:
169 barrels of crude-oil-brent
951000 barrels of crude-oil-brent
7167161962 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.