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Price of 4906903345 Barrels Crude-oil-brent

4906903345 Barrels of Crude-oil-brent is equal to
= $318948717425
4906903345 barrels of crude-oil-brent = $318948717425
49069033450 barrels of crude-oil-brent = $3189487174250
490690334500 barrels of crude-oil-brent = $31894871742500
4906903345000 barrels of crude-oil-brent = $3.18948717425E+14
More Price Conversion:
585 barrels of crude-oil-brent
877000 barrels of crude-oil-brent
2283783174 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.