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Price of 740502228 Barrels Crude-oil-brent

740502228 Barrels of Crude-oil-brent is equal to
= $48132644820
740502228 barrels of crude-oil-brent = $48132644820
7405022280 barrels of crude-oil-brent = $481326448200
74050222800 barrels of crude-oil-brent = $4813264482000
740502228000 barrels of crude-oil-brent = $48132644820000
More Price Conversion:
283 barrels of crude-oil-brent
721000 barrels of crude-oil-brent
9510097967 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.