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Price of 7991348787 Barrels Crude-oil-brent

7991348787 Barrels of Crude-oil-brent is equal to
= $519437671155
7991348787 barrels of crude-oil-brent = $519437671155
79913487870 barrels of crude-oil-brent = $5194376711550
799134878700 barrels of crude-oil-brent = $51943767115500
7991348787000 barrels of crude-oil-brent = $5.19437671155E+14
More Price Conversion:
427 barrels of crude-oil-brent
40000 barrels of crude-oil-brent
5556666183 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.