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Price of 7912783741 Barrels Crude-oil-brent

7912783741 Barrels of Crude-oil-brent is equal to
= $514330943165
7912783741 barrels of crude-oil-brent = $514330943165
79127837410 barrels of crude-oil-brent = $5143309431650
791278374100 barrels of crude-oil-brent = $51433094316500
7912783741000 barrels of crude-oil-brent = $5.14330943165E+14
More Price Conversion:
716 barrels of crude-oil-brent
872000 barrels of crude-oil-brent
1444524739 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.