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Price of 6988205984 Barrels Crude-oil-brent

6988205984 Barrels of Crude-oil-brent is equal to
= $454233388960
6988205984 barrels of crude-oil-brent = $454233388960
69882059840 barrels of crude-oil-brent = $4542333889600
698820598400 barrels of crude-oil-brent = $45423338896000
6988205984000 barrels of crude-oil-brent = $4.5423338896E+14
More Price Conversion:
523 barrels of crude-oil-brent
446000 barrels of crude-oil-brent
2615736844 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.