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Price of 8688987055 Barrels Crude-oil-brent

8688987055 Barrels of Crude-oil-brent is equal to
= $564784158575
8688987055 barrels of crude-oil-brent = $564784158575
86889870550 barrels of crude-oil-brent = $5647841585750
868898705500 barrels of crude-oil-brent = $56478415857500
8688987055000 barrels of crude-oil-brent = $5.64784158575E+14
More Price Conversion:
387 barrels of crude-oil-brent
576000 barrels of crude-oil-brent
7013717934 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.