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Price of 7239247336 Barrels Crude-oil-brent

7239247336 Barrels of Crude-oil-brent is equal to
= $470551076840
7239247336 barrels of crude-oil-brent = $470551076840
72392473360 barrels of crude-oil-brent = $4705510768400
723924733600 barrels of crude-oil-brent = $47055107684000
7239247336000 barrels of crude-oil-brent = $4.7055107684E+14
More Price Conversion:
983 barrels of crude-oil-brent
303000 barrels of crude-oil-brent
7313823427 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.