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Price of 8227869038 Barrels Crude-oil-brent

8227869038 Barrels of Crude-oil-brent is equal to
= $534811487470
8227869038 barrels of crude-oil-brent = $534811487470
82278690380 barrels of crude-oil-brent = $5348114874700
822786903800 barrels of crude-oil-brent = $53481148747000
8227869038000 barrels of crude-oil-brent = $5.3481148747E+14
More Price Conversion:
976 barrels of crude-oil-brent
61000 barrels of crude-oil-brent
8794928730 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 Sep 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.