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Price of 5987866577 Barrels Crude-oil-brent

5987866577 Barrels of Crude-oil-brent is equal to
= $389211327505
5987866577 barrels of crude-oil-brent = $389211327505
59878665770 barrels of crude-oil-brent = $3892113275050
598786657700 barrels of crude-oil-brent = $38921132750500
5987866577000 barrels of crude-oil-brent = $3.89211327505E+14
More Price Conversion:
453 barrels of crude-oil-brent
962000 barrels of crude-oil-brent
4176157431 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.