If you need your website to be constantly updated and show the real prices of WTI crude oil, then I recommend that you continue reading this article. Here you can find out how to do it and how to do it on your website.
Oil is one of the hydrocarbons of fossil origin. It is derived from zooplankton and algae. They are deposited in large quantities on anoxic sea beds or lake areas in the geological past. They were subsequently buried under heavy layers of sediments.
By that petroleum is named after its Greek meaning which refers to rock oil. It also has another meaning from Latin which derives its meaning from stone oil from “petra” (stone) and “oleum” (oil).
This black oily liquid is a heterogeneous mixture of organic compounds and consists mainly of water-insoluble hydrocarbons. The number of carbon atoms and the way they are placed within the molecules of the different compounds. What it does is to give the oil different physical and chemical properties. Thus, hydrocarbons composed of one to four carbon atoms are gaseous, those containing five to twenty are liquids, and those containing more than twenty are solids at room temperature.
On the other hand, it should be noted that it is a very important item in any economy. Therefore, knowing the price of crude oil is vital and extremely important. To know the price of WTI crude oil you can use an API.
Internet Tools:
An API is the set of definitions and protocols used to generate and integrate application software. This then enables the communication between two software applications through a set of rules.
One of the APIs that allows you to check the price of crude oil is called Commodities-API. It is a totally free API that shows you real-time prices. The information provides a constant update every 60 seconds, so the prices are always very up to date.
To obtain the API you must follow the steps below:
- Register for your personal API key at www.commodities-API.com.
- Second, you have to set the desired commodity and the currency in which you want to see the price.
- Generate the API call once you have decided on them.
- Then search for the most up-to-date rates. This information is in different computer languages and it can be changed according to the user’s preference.
To be able to do this you just have to enter the website, then get an API Key, then you have to choose the exchange rate in which you want to see it and obviously the commodity.