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Price of 8899896495 Barrels Crude-oil-brent

8899896495 Barrels of Crude-oil-brent is equal to
= $578493272175
8899896495 barrels of crude-oil-brent = $578493272175
88998964950 barrels of crude-oil-brent = $5784932721750
889989649500 barrels of crude-oil-brent = $57849327217500
8899896495000 barrels of crude-oil-brent = $5.78493272175E+14
More Price Conversion:
154 barrels of crude-oil-brent
340000 barrels of crude-oil-brent
5322170661 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.