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Price of 8224241363 Barrels Crude-oil-brent

8224241363 Barrels of Crude-oil-brent is equal to
= $534575688595
8224241363 barrels of crude-oil-brent = $534575688595
82242413630 barrels of crude-oil-brent = $5345756885950
822424136300 barrels of crude-oil-brent = $53457568859500
8224241363000 barrels of crude-oil-brent = $5.34575688595E+14
More Price Conversion:
986 barrels of crude-oil-brent
869000 barrels of crude-oil-brent
8094746032 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 Nov 2024.
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.