Looking for previous reports of crude oil prices? Look about this crude oil prices historical data API!
Crude oil is a petroleum product that occurs spontaneously and is made up of hydrocarbon deposits and other organic components. Crude oil is a type of fossil fuel that is refined into useable products such as gasoline, diesel, and other petrochemicals. It is a nonrenewable resource, which means that it cannot be replenished naturally at the pace at which humans consume it, making it a finite resource.
Crude oil is normally collected by drilling, where it is typically discovered in conjunction with other resources such as natural gas and saline water. Following extraction, crude oil is refined and turned into a range of consumer products such as gasoline, kerosene, and asphalt.
Oil contracts may be purchased in two forms by investors: futures contracts and spot contracts. Regarding the individual oil may be a speculative asset, a portfolio diversifier, or a hedge against linked holdings for investors.
Due to the demand for crude oil around the world, prices vary constantly as a commodity in the market. Now, for this, many financiers use platforms that send them updated prices minute by minute. One of them is Commodities-API.
About Commodities-API
Commodities-API It is a fully functional website that can purchase commercially available data on commodities like coffee, cereals, and oils for its customers. You can buy them using an API, which you can set up in less than a second before phoning the relevant banks. A factor to take, it´s that as a client, you can access to previous reports of the commodity of your choose, to analyze the movements and seek to monitor and seek a future forecast of its movements in the commodities market.
Registration Steps
One of the key advantages of Commodities-API is its ease of usage. Take the following steps to accomplish this:
-Go to the website and register.
-Generate an API Key using the platform.
-Select the necessary products and money.
-The software will deliver an API answer in response to an API request you create in the dashboard.
And there you have it! Everything is in place to begin investing on crude oil!
A Safe Platform
To protect web-to-web communications, Commodities-API employs SSL encryption. Financial firms utilize this form of security. This API then gets information from the World or other financial institutions. Your connection to the Commodities-API API is encrypted and decrypted using bank-grade 256-bit SSL encryption. This is a data/file encryption technique that encodes and decodes data or files using a 256-bit key.
Most Trusted Website
This API also provides an outstanding online customer experience. It can offer typical data in real time with two decimal places of precision and a frequency of 60 seconds. Commodities-API, based on a solid back-end design, provides high availability and response times for defined API requests of less than 50 milliseconds.
JSON-Created Software
The API provides millisecond response speeds, guaranteed service, and scalability. In complement to live data, the API provides unique endpoints for time series data and single currency conversion.