Are you looking for crude oil rates API that collects data from reliable sources? Here we make a recommendation with info from Houston Street Exchange.
Crude oil is most commonly used to make fuel for automobiles of various types, as well as generators, heaters, and other equipment. This resource is used to boost production in a variety of sectors through the processes of fractional distillation and cracking. The top three producers in recent history have been the United States, Russia, and Saudi Arabia. Venezuela has the world’s greatest oil reserves, with more than 300 billion barrels in reserve. Saudi Arabia holds the world’s second-largest oil reserves, at 297.5 billion barrels.
If you are in the crude oil or transportation business, it’s obvious that you need to stay updated about the market prices. Because of diverse economic and political factors, this value can change a lot. You have to watch live prices and fluctuation data to analyze the best moment to invest.
The way to acquire this data is an API. An Application Programming Interface allows multiple devices to communicate and transfer data. Not all of them work in the same way, for example, not all of them are trustworthy. For this reason, if you need crude oil prices you have to collect them from a reliable source such as Houston Street Exchange.
What Is Houston Street Exchange?
HoustonStreet Exchange, Inc. is the United States’ largest electronic platform for physical crude oil and processed goods. Emerging technologies are changing the way the energy business functions, and HoustonStreet.com is at the forefront of the shift.
Houston Street Exchange was created by traders for traders and is one of the earliest Web platforms for trading wholesale energy supplies. HoustonStreet.com is an online trading engine that enables traders to purchase and sell energy items quickly. Houston Street Exchange is based in Portsmouth, New Hampshire, with offices in Houston. It is a majority-owned subsidiary of BayCorp Holdings, Ltd., which also owns Great Bay Power in Portsmouth. To acquire information from this electronic marketplace, you should use Commodities-API.
About Commodities API
The best choice, by far, is www.commodities-api.com. This is a website where you can track the pricing of numerous things. After that, you’ll be able to accurately estimate rates and convert them to your chosen currency. This online API gives exact rate data for a variety of goods in many currencies. Commodities-API began as a simple, minimalist Open-Source API for historical and current commodities prices for financial organizations.
The API can deliver real-time commodity data with two decimal point precision and a refresh rate of every 60 seconds. It is built on a strong back-end architecture that guarantees response times of fewer than 50 milliseconds for defined API requests.