Are you interested in investing in Brent or WTI oil? Read this post where we bring you a crude oil prices API!
Crude oil is a naturally occurring substance made up of hydrocarbon reserves 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 it cannot be replenished naturally at the pace at which humans consume it and is thus a finite resource.
Crude oil is a raw natural resource mined from the ground and processed into gasoline and other petroleum products. Crude oil is a worldwide commodity that trades on global markets as both spot oil and through derivatives contracts. Many traders see crude oil as the world’s most significant commodity because it is now the supply of energy production.
Investors may purchase two types of oil contracts: futures contracts and spot contracts. To the individual investor, oil can be a speculative asset, a portfolio diversifier, or a hedge against related positions.
Since crude oil prices fluctuate regularly and are often more volatile than stock or currency values, it is critical for successful investors and traders to have reliable information sources that report on the numerous factors that might impact oil prices. Many websites cover crude oil news, but just a few broadcast breaking news and current pricing. The three links below provide up-to-date information.
You should use an API-based platform or an informatic application to obtain up-to-date market stock data of crude oil prices. We provide a commodities prices API called Commodities-API for this purpose.
So What Is Commodities-API?
Commodities-API is a website where you can get expert statistics on coffee, cereals, and oils, among other things. You may purchase them via an API, which you can set up in less than a minute after contacting the appropriate banking institutions.
How Does The User Register In The Platform?
Commodities-API is a fantastic choice since it is extremely user-friendly. To do so, take the following steps:
-Go to the website and sign up.
-Use the platform to generate an API Key.
-Select the appropriate goods and funds.
-On response to an API request you generate in the dashboard, the program will provide an API response.
Is It A Trusted Data Site?
This Interface also provides a nice Internet experience. It can transmit commodities data in real time with two decimal points of precision and a frequency of 60 seconds. Commodities-API is built on a solid backend architecture that guarantees high availability and response times of less than 50 milliseconds for defined API requests.
Is It Safe For Their Clients?
SSL encryption is used by Commodities-API to secure web-to-web connections. Financial firms utilize this form of security. This API then retrieves information from financial institutions or the World Bank. Your connection to the Commodities-API API is protected with bank-grade 256-bit SSL encryption, which is a data/file encryption technology that encrypts and decrypts data or files using a 256-bit key.