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An API To Forecast Brent Crude Oil Prices

The world economy depends on natural resources like crude oil, so its prices fluctuations move the world.

Brent Crude Oil

Crude oil is a petroleum product derived from hydrocarbon reserves and other organic materials. It’s a sort of fossil fuel that’s used to make things like gasoline, diesel, and a number of other petrochemicals.

It is a limited resource due to its non-renewable features. It can’t be replaced naturally on the scale that the world uses it, though.


Because the largest deposits are managed by a limited number of countries, the demand for these assets frequently causes political upheaval. Like any other commodity, crude oil pricing is heavily impacted by supply and demand.

Players are keeping an eye on two major worldwide contracts as a result of the oil market: West Texas Intermediate (WTI) on the New York Mercantile Exchange and Brent Crude on the Intercontinental Exchange.

An API To Forecast Brent Crude Oil Prices

If you’re thinking about investing in crude oil or any other commodity, you’ll need to be aware of real-time rates in a variety of currencies. In reality, using an API is the most accurate approach to obtain this data.


This website collects market data prices in a variety of currencies from a variety of sources and organizations throughout the world. Commercial sources are also chosen since they better reflect market exchange rates, especially for large currencies and commodities.

Commodities-API began as a simple, minimalist Open-Source API for recent and historical commodity prices from financial institutions.


The API can deliver real-time commodities data with a resolution of two decimal points and a frequency of 60 seconds. Commodities-API is built on a strong back-end architecture that ensures high availability and response times of less than 50 milliseconds for defined API calls.

An API To Forecast Brent Crude Oil Prices


The website uses bank-grade 256-bit SSL security to encrypt your connection.

Thousands of developers, small enterprises, and large corporations use Commodities-API on a daily basis. This API is the most popular due to its solid data sources and 6+ years of expertise.


Due to its 10+ exchange rate data sources, the API can provide real-time precious commodity data. The API has a number of endpoints, each of which serves a specific purpose.

Endpoint functions include getting the most recent commodity rates data for all or a specific set of currencies, converting values between currencies, obtaining Time-Series data for one or multiple currencies, and querying the API for daily fluctuation data.

Also published on Medium.

Published inAppsTechnology
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