Do you want to be ahead of everyone in the world of market investment competitions? Use this commodities prices API that will make you have precise and concrete data for your next investment! Read more here below!
Among the most popular trading resources worldwide is crude oil. It is known to as “the mother of all commodities” and “black treasure” and is frequently extracted from Middle Eastern nations. Petroleum is utilized in the production of a wide range of products, including textiles, medicines, lubricants, and., of course, petroleum.
Considering the increased volatility in latest days, buying in the oil markets can be a risky choice. The price of oil fluctuates regularly, just as market forces do. However, crude oil is a liquid commodity, which means that it can be exchanged in vast quantities and has a typical difference of about 3.0 points, which is quite small.
Because it can be processed into products like gasoline, diesel, and other petrochemicals, which are constantly in need, crude oil is seen as a particularly precious commodity in the marketplace. It serves as the main source of energy nowadays.
The number of people and the demand of pleasure and farm products are both rising in the contemporary age. As a consequence, there is increased consumption of energy, putting strain on supplies.
Due to all of the above, here we will leave you one more advantage so that you are ahead of the rest in reference to investments in the commodities market. These three open source and easy-to-use platforms will make your life easier when looking for which commodities or currency to invest in:
Commodities-API
Commodities-API It is a public and simple API that provides economic varieties such as wheat, rice, coffee, and sugar. To obtain the information, visit the website, create an API password, and then choose the appropriate currencies and commodities. That’s all there is to it, and you have no strains to use the functionality as you think fit. The Commodities-API can provide data in whatever currency you choose, to two decimal places, from a pool of over 170 possibilities. Clients of Commodities-API can perform up to ten thousand API requests each month and receive data updates every 60 seconds.
Trading Economics
Trading Economics brings additional broadcasting of government bonds, stock indexes, stock prices, and currency conversion prices. Hundreds more businesses can also acquire basic funding. Clients may access info straight away thanks to an application programming interface (API) that is accessible in a range of programming languages. By using API, you may check an earnings calendar, download millions of rows of historical data, and subscribe to real-time quotations from worldwide financial markets.
Barchart
One of the first earliest organizations to provide market and derivatives data feeds is Barchart, a worldwide financial intelligence company that provides industry data to financial, media, and commodities firms. Despite the fact that its media organizations supply online information, news, and articles to help economic and market specialists make judgments, Barchart’s data, software, and technology solutions fuel the activities of its diversified client base from the center to the corporate end.