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Price of 53106338 Barrels Crude-oil-brent

53106338 Barrels of Crude-oil-brent is equal to
= $3451911970
53106338 barrels of crude-oil-brent = $3451911970
531063380 barrels of crude-oil-brent = $34519119700
5310633800 barrels of crude-oil-brent = $345191197000
53106338000 barrels of crude-oil-brent = $3451911970000
More Price Conversion:
3 barrels of crude-oil-brent
125000 barrels of crude-oil-brent
4120158502 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 Feb 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.