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Price of 9623166278 Barrels Crude-oil-brent

9623166278 Barrels of Crude-oil-brent is equal to
= $625505808070
9623166278 barrels of crude-oil-brent = $625505808070
96231662780 barrels of crude-oil-brent = $6255058080700
962316627800 barrels of crude-oil-brent = $62550580807000
9623166278000 barrels of crude-oil-brent = $6.2550580807E+14
More Price Conversion:
952 barrels of crude-oil-brent
204000 barrels of crude-oil-brent
1038701323 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.