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Price of 6948101443 Barrels Crude-oil-brent

6948101443 Barrels of Crude-oil-brent is equal to
= $451626593795
6948101443 barrels of crude-oil-brent = $451626593795
69481014430 barrels of crude-oil-brent = $4516265937950
694810144300 barrels of crude-oil-brent = $45162659379500
6948101443000 barrels of crude-oil-brent = $4.51626593795E+14
More Price Conversion:
646 barrels of crude-oil-brent
404000 barrels of crude-oil-brent
2734821059 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.