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Price of 5977194036 Barrels Crude-oil-brent

5977194036 Barrels of Crude-oil-brent is equal to
= $388517612340
5977194036 barrels of crude-oil-brent = $388517612340
59771940360 barrels of crude-oil-brent = $3885176123400
597719403600 barrels of crude-oil-brent = $38851761234000
5977194036000 barrels of crude-oil-brent = $3.8851761234E+14
More Price Conversion:
814 barrels of crude-oil-brent
396000 barrels of crude-oil-brent
4532180302 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 Dec 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.