Do you want to know how to integrate an API for heating oil prices in JSON? If so, keep reading to find out how to!
Heating oil, also referred to as kerosene, is a liquid commodity that is produced as a byproduct of the evaporation of crude oil. It is comparable to diesel, but even if the attributes are the same, the chemical composition is different.
The main applications for heating oil is for space and water. For instance, it works with boilers, furnaces, and water heaters (for space heating). Heating oil futures are standardized, exchange-traded contracts where the contract buyer commits to purchasing a predetermined amount of heating oil (for example, 42000 gallons) from the supplier at a predetermined price for a future delivery date.
For all of the above, heating oil’s significance in the commodity market is something that will never go out of style, at least not in the ensuing decades. Therefore, if you’re interested in investing in heating oil and want to stay current on its erratic movements, you are in luck! Nowadays you can easily access this information by employing an API for commodities prices.
Why Should You Employ An API For Commodities Prices?
It is common knowledge that two programs can communicate with one another and exchange data through an API (API). This is because an API allows direct access to data from several sources. Thus, when it comes to a commodities prices API, the tool acquires precise information about commodities in just minutes. Additionally, since the majority of APIs use the JSON format, this tool is simple to integrate into a website to speed up search process, as well as to display accurate exchange data.
Using an API is without a doubt the best way to acquire a certain piece of data, but you need to know which web service has the finest API. This is because not all Internet-based APIs are trustworthy. So, as a trustworthy API with more than six years of market experience, we suggest using Commodities-API. This one offers precise real-time commodity rates with a frequency of up to 60 seconds and accuracy down to the second decimal place!
How To Integrate Heating Oil Prices Into Your Website
Currently, large companies and developers use this dependable JSON API to help them enhance the capabilities of their own websites and projects. Since Commodities-API utilize JSON format data, this tool is easy-to-integrate and may work with any application. So it won’t be long before you start harnessing the power of this API’s capabilities. Furthermore, employing this API is quite easy, just follow these steps:
- Create an account at Commodities-API to obtain an API key. At this point you may select a plan. This API now offers three plans: beginer (no-cost), basic, and professional. Look closely at the distinctions between them all, and choose the best for you.
- After completing the previous steps, select the symbol for the commodity you want (in this case, heating oil), and then select the currency in which you wish to view your prices.
- Lastly, execute the API call and wait for the results.
For more information about incorporating Commodities-API into your own website, go to its website. You may rapidly comprehend how this API functions by consulting the documentation and commonly asked questions there.
Also published on Medium.