Do you need to quickly obtain crude oil rates? Surely you want to get them from CME Group, one of the most famous American companies in that field. But luckily for you, we will offer you a much simpler way, it is the best crude oil rates API.
Oil, in its natural form, is called “crude.” This name is due to the fact that when it is extracted from the wells, it cannot be put to any use. It happens as with some foods, such as meat, that when we find it raw, we subject it to a process to be able to digest it better. The latter can vary from light, to heavy and extra heavy. Through processes, such as refining, for example, we can use it to obtain different products such as gasoline, asphalt, tar, etc.
The products extracted from the refining process are called derivatives and are of two types. First, the fuels (such as gasoline, diesel and others), and, second, the petrochemicals (polyethylene and cyclohexane, used in the manufacture of nylon, benzene and others). Likewise, fuels for air, land and sea transport, and also derivatives, such as synthetic rubbers, solvents, plastics, paraffin, detergents, fungicides, makeup and lubricant bases, among others, are just some of the many products that are obtained from of oil, to improve people’s quality of life.
However, we must always remember that this commodity is a fossil fuel, which will eventually run out. But in the meantime, it will continue to be widely used around the world. If you want to get their prices, one way is the CME Group, the world’s largest financial derivatives exchange. However, on many occasions this task can be complicated. Fortunately, Commodities-API is here to solve your problems. In case you didn’t know, it is the best CME Group rates API.
Why Commodities-API?
If what you want is to obtain crude oil rates, one of the best options to find commodity prices is Commodities-API. Its function is to collect data from 15 sources such as banks and financial centers, every hour and every minute. And of course, CME Group is one of their sources of information, which proves that their data is 100% true. In fact, this service is so fast that we can obtain updated data every 60 seconds and with a precision of 2 decimal places. In this way, we will save time and money.
Do not worry about your country of origin, for your convenience, you will be able to see the prices in the currency of your country, no matter what it is.
How much do you have to pay to use this service?
Believe it or not, it’s free! Or at least you can use it without having to pay anything. But there are also paid plans that take full advantage of the Commodities-API capabilities. For example, in the free option you will only be able to see the prices 100 times a month and with updates of 1 hour. On the other hand, in the professional option you will be able to see the prices 100,000 times a month and with 60-second updates.
Also published on Medium.