Oil Price Webhooks
Push real-time oil price data directly to your applications. No more polling our API - get instant notifications when prices change, perfect for trading platforms, CTRM systems, and financial applications.
How Oil Price Webhooks Work
1. Price Changes
Our system continuously monitors oil prices from multiple market sources every 5 minutes
2. Instant Push
When prices change, we immediately push the new data to your configured webhook endpoint
3. Your App Updates
Your application receives the webhook and automatically updates with the latest pricing data
Webhook Payload Example:
{
"event": "price_update",
"timestamp": "2025-01-15T14:30:00Z",
"data": {
"commodity": "WTI_CRUDE",
"price": 67.45,
"change": 0.85,
"change_percent": 1.28,
"currency": "USD",
"unit": "barrel",
"previous_price": 66.60,
"market_status": "open"
},
"webhook_id": "wh_123456",
"signature": "sha256=abc123..."
}Why Choose Webhooks Over Polling?
Real-Time Updates
Get price updates instantly when they happen, not when you check. Reduce latency from minutes to milliseconds.
Reduced API Costs
Stop making constant API calls. Webhooks only send data when it changes, dramatically reducing your API usage and costs.
Enterprise Security
Secure webhook delivery with HMAC signatures, retry logic, and dead letter queues for guaranteed delivery.
Better Performance
Eliminate the overhead of constant polling. Your applications run more efficiently with push-based updates.
Event-Driven Architecture
Build modern, scalable applications with event-driven patterns. Perfect for microservices and serverless architectures.
Simple Integration
Standard HTTP POST requests to your endpoint. Works with any programming language and framework that can handle HTTP requests.
Perfect for Enterprise Applications
Trading Platforms
Power real-time trading interfaces with instant price updates. Critical for algorithmic trading and market making operations.
- • Instant order book updates
- • Real-time P&L calculations
- • Automated trading triggers
CTRM Systems
Keep commodity trading and risk management systems updated with the latest market data for accurate position valuation.
- • Mark-to-market valuations
- • Risk limit monitoring
- • Portfolio rebalancing
Financial Analytics
Feed real-time data into analytics platforms for live dashboards, reports, and business intelligence applications.
- • Live dashboard updates
- • Automated report generation
- • Alert system triggers
Mobile Applications
Push notifications to mobile apps when significant price movements occur. Perfect for trader mobile apps and energy market apps.
- • Push notification triggers
- • Background app updates
- • Offline sync capabilities
IoT & Automation
Trigger automated processes based on oil price changes. Perfect for smart contracts and industrial automation.
- • Smart contract execution
- • Automated procurement
- • Industrial process control
Data Warehousing
Automatically sync the latest oil prices to your data warehouse or data lake for analytics and machine learning pipelines.
- • ETL pipeline triggers
- • ML model retraining
- • Historical data archival
Technical Implementation
Webhook Configuration
- Configure multiple webhook endpoints
- Filter by commodity types (WTI, Brent, Gas)
- Set price change thresholds
- Custom headers and authentication
Reliability Features
- Automatic retry with exponential backoff
- Dead letter queue for failed deliveries
- HMAC signature verification
- Delivery status monitoring
Simple Webhook Handler Example:
// Express.js webhook handler
app.post('/webhooks/oil-prices', (req, res) => {
const signature = req.headers['x-oilpriceapi-signature'];
const payload = JSON.stringify(req.body);
// Verify webhook signature
if (!verifySignature(payload, signature)) {
return res.status(401).send('Unauthorized');
}
const { event, data } = req.body;
if (event === 'price_update') {
// Update your application with new price data
await updatePriceInDatabase(data);
// Trigger any business logic
await checkTradingRules(data);
// Send push notifications to users
await notifyUsers(data);
}
res.status(200).send('OK');
});Enterprise Feature Pricing
Webhook Service
Available exclusively with Reservoir Mastery ($129/mo) plan
Reservoir Mastery Plan Includes:
- Unlimited webhook endpoints
- All commodity data (WTI, Brent, Natural Gas, Heating Oil)
- Custom filtering and thresholds
- Enterprise SLA with 99.9% uptime
- Dedicated technical support
- Historical data backfill
Schedule a technical consultation • Custom implementation support
Ready for Real-Time Oil Price Data?
Join enterprise customers building the future of commodity trading with our webhook infrastructure.
Ready to Get Started?
Webhooks and WebSocket connections are available now with our Reservoir Mastery plan.
View Plans & PricingExclusive to Reservoir Mastery ($129/month) • Enterprise SLA included