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Price of 916000 Barrels Crude-oil-brent

916000 Barrels of Crude-oil-brent is equal to
= $59540000
916000 barrels of crude-oil-brent = $59540000
9160000 barrels of crude-oil-brent = $595400000
91600000 barrels of crude-oil-brent = $5954000000
916000000 barrels of crude-oil-brent = $59540000000
More Price Conversion:
597 barrels of crude-oil-brent
295000 barrels of crude-oil-brent
2458525352 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 Oct 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.