Are you struggling to be updated with the Oil price? Do you need instantaneous feedback? We suggest an API to get prices in Pounds and other foreign currencies!
It was news this whole week that the Oil price scale was up and reached historical numbers. That phenomenon caused price increases around the world. And even more in countries where the fossil fuel market suffers from a lack of regulations regarding the international market. It was even a big blow to the oil-producing countries with a large per cent of participation of state companies. Basically, this problem occurs with local prices because they aren’t apart from international rates. If they don’t increase the price, the demand becomes unsustainable because many people come to buy from other latitudes.
Evidently, what you need under these changing circumstances is something to keep you updated. At least, you could use a tool that provides the information from the most relevant Stock Exchanges in the world. They are nearly twelve from different countries, and many establish the price from multiple commodities. The seventh or eighth place is for the Tokyo stock exchange, one of the three most important financial and bank entities in Japan.
Fortunately, there’s a tool that can provide any commodity price you need with multiple currencies. You will be able to ask the price of one commodity in a specific foreign currency as much as the rate from one currency converted into another. These tools are APIs and work at a quick speed. You’ll see!
Get the price of Oil in Pounds with an API like Commodities-API
You’re in a business where commodities are the protagonists. These last days, the main character is the Oil. Currently, you need something that provides information in real-time, with little waiting time. The API from Commodities-API is the perfect match for your business strategy. In only sixty seconds, you’ll get the data you requested.
Another point is the variety that can deliver: from currencies of many countries to precious metals and other commodities such as coffee, rice and wheat. All those relevant updates come from more than a dozen reliable sources like foreign banks and financial entities. Also, from the principal Stock Exchanges (SE) worldwide.
However, if you want to check all these details yourself, you can copy this link https://commodities-api.com/ on your browser. Plus, you’ll be able to read a long list of commodities and currencies with their initials to consult anytime.
The necessary steps to get the price of Oil in pounds with an API
1- Go to their website.
2- Take a look at the ‘account’ section.
3- Tap on the ‘sign in for free’ option.
4- Go to the ‘pricing’ part to see all the subscriptions.
5- Pick one plan, and then you’ll get an API key.
6- Authenticate your API access with the Commodities-API API.
7- Learn the three-letter code according to the data you need.
8- Make the API call start.
9- Wait only a minute for the answer.
You might also want to read:
https://www.thestartupfounder.com/how-to-get-natural-gas-prices-from-cnbc-with-an-api/.
Also published on Medium.