Do you want to know how an API can get you heating oil prices in seconds? If the answer is yes, keep reading to find out!
as you may know, the need for heating oil changes with the seasons. Meanwhile crude oil prices remain stable; the cost of residential heating oil typically rises from October to March, when demand for heating oil is at its highest. Just think about this, a typical homeowner in the Northeast may use between 850 and 1,200 gallons of heating oil over the winter and very little else.
On top of this, crude oil’s pricing is erratic; and the cost of this commodity has a significant impact on the cost of heating oil. Also, global supply and demand govern crude oil prices. And this demand will vary based on monetary and meteorological factors.
With all this factors in mind, is crucial to be up-to-date with what is happening in the commodity market in order to invest or trade well-informed. Luckily for you, by using an API for commodities prices; you’ll be able to easily obtain heating oil prices, and other commodities prices within seconds!
How Can An API For Commodities Prices Get Commodity Data In Seconds?
A piece of computer code called an API is used to move data from one part of software to another. It also regulates how a computer program works. Therefore, an application needs an API in order to use pre-existing files or data from one piece of software in another program or one of its higher levels. So, a commodities prices API enables your software to quickly get current commodity price data; which is gathered from a variety of reliable financial sources.
A commodities prices API will also give you access to precise data that is updated hourly or even by the minute. So, if you’re seeking for a trustworthy API to employ and access commodities prices, we suggest using Commodities-API. This one is a trustworthy web-based solution with more than 6 years of market expertise,
Furthermore, SSL encryption is used by Commodities-API to secure browser communications. You can be sure your communication with the API is reliable and secured since this level of encryption is utilized by financial institutions. The data obtained via Commodities-API is collected from several financial institutions, including the World Bank.
Step By Step On How To Get Heating Oil Prices With This API
- Register on Commodities-API website to get an API key.
- After registratiom, you can choose a plan. There are now three plans available through Commodities-API: starter (no-cost), basic, and professional. Consider the differences between each one carefully and pick the one that best suits your requirements.
- Select the currency you want to view your pricing in after completing the aforementioned steps, and then pick the commodity symbol you want (in this case heating oil). Remember that there are more than 170 different currencies to choose from!
- Send the API request after making a decision; then wait for the response.
And voilà! You can get current spot pricing for heating oil in a matter of seconds! So why are you still waiting? You will be able to track any changes in commodity prices using Commodities-API without wasting any time or effort.