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Price of 8362665170 Barrels Crude-oil-brent

8362665170 Barrels of Crude-oil-brent is equal to
= $543573236050
8362665170 barrels of crude-oil-brent = $543573236050
83626651700 barrels of crude-oil-brent = $5435732360500
836266517000 barrels of crude-oil-brent = $54357323605000
8362665170000 barrels of crude-oil-brent = $5.4357323605E+14
More Price Conversion:
272 barrels of crude-oil-brent
698000 barrels of crude-oil-brent
6129091655 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.