Chapter 714 - Long Oil Futures (Second More Votes)
During this time, he bought and bought lavishly, and the funds flowed away like water.
It's not okay to bleed without replenishing blood, an opportunity that has long been targeted by him is about to appear, and it is a matter of huge profits, and he is about to go north, so Xia Yu can't help it.
When he came to the Galaxy Fund, Xia Yu summoned Xia Yu, who had done a good job, to inquire about the specific situation.
In the conference room, Liu Ji introduced: "Boss, according to the news fed back by Xue He, Song Yang and others from the United States, the $400 million that they have brought to the United States now has leveraged ten times the leverage, and a total of $4 billion has all bought oil futures, with an average of $20.4 per barrel of oil. “
"The whole process took two months and eight days, and now the daily trading volume of oil futures on the New York Mercantile Exchange has exceeded 50,000 contracts, with an average daily trading volume of more than one billion US dollars......"
After listening to Liu Zheng's introduction, the corners of Xia Yu's mouth were slightly raised, and he was in a happy mood.
"Yes, after the meeting, let Song Yang, Xue He and others continue to stick to it, if they have nothing to do, improve the branch in New York, and study the financial market in New York, it will be very beneficial to them!"
"Okay, I'll get your word out to them!"
Liu Ji immediately responded.
This time, Xia Yu is eyeing the international crude oil futures market and intends to make a profit.
From the end of last year to the beginning of this year, Iran stopped exporting oil for 60 days due to political turmoil, and Xia Yu also speculated on the international gold price.
At that time, because the time was not ripe, the New York Mercantile Exchange officially listed oil futures contracts in November last year, when the market opened up, the plate was too small, Xia Yu had to give up long oil futures.
But now it's different, after almost a year.
The size of the oil futures market on the New York Mercantile Exchange has expanded by an unknown number of times, with an average daily trading volume of more than 50,000 lots, equivalent to a daily trading volume of 50 million barrels, and an average daily trading volume of $1 billion at the current price of more than $20 per barrel of oil.
The market has expanded, and of course Xia Yu will not ignore it anymore.
Because he knows that, according to the trajectory of history, there will be a practice that will shock the world, and that is the Iran hostage crisis.
At the beginning of this month, the United States, in disregard of the protests of the Iranian authorities, allowed his predecessor Pahlavi to go to the United States for medical treatment, which once again aroused the strong dissatisfaction of the Iranian people against the US Government.
The U.S. government could never have imagined that on November 4, a group of Iranian students would storm the U.S. Embassy in Iraq and kidnap 63 embassy personnel.
This is undoubtedly a big slap in the face of the United States, the world's policeman.
In order to maintain the dignity of the United States as a great power, then-President Carter will announce on November 12 that he will no longer import oil from Iran, and on November 14, he will freeze all Iranian accounts and deposits in the United States, totaling $8 billion in assets.
In response, Iran also announced an oil embargo on the United States.
What happened in just over a decade will cause chaos in the global supply and demand of oil, which in turn will spread panic throughout the market.
In order to prevent possible oil shortages and price increases, users in Western oil-consuming countries have gone on a frenzy to snap up oil and increase inventories, resulting in oil demand exceeding the usual level by 3 million barrels per day, thus exacerbating the situation of oil supply exceeding demand.
In addition, in September next year, the Iran-Iraq war broke out again, and the oil production in the Gulf region decreased again, which further pushed up international crude oil prices.
At the end of last year, the international price of oil was only $13 a barrel, but it has risen to $20 a barrel.
Xia Yu knows very well that this is far from the upper limit of international oil prices, and by the end of the year, international oil prices will be able to rise to $45 to $50 a barrel.
Such a good opportunity, you only need to buy oil futures now, and wait a year to create a profit of four or five billion US dollars, and this kind of good thing can't be found in the lantern!
If this opportunity to overtake and accumulate capital in corners is missed, then Xia Yu will be too much of a failure as a reborn.
There are more places to spend money in the future, and he has to dig holes everywhere in the future.
The profits from reaping international gold at the beginning of next year will be enough for him to squander for a year, and he will be able to reap the profits from international oil futures at the end of next year, and he will be able to replenish ammunition in time.
After telling Liu Ji and the others some more, Xia Yu finally left with peace of mind.
On November 1st, the sky was clear, and it was a good day to travel.
Xia Yu was dressed in civilian clothes and got on the ship to the north with his master Li Chunqiu and a group of subordinates in a low-key manner.
This time to the north, Xia Yu has already communicated, will not make a big show, the name is to check the operation of the company in Pengcheng, and the general schedule has also been set, also to facilitate the mainland to arrange personnel docking.
When he got off the boat and stepped on Pengcheng, Li Chunqiu couldn't help but burst into tears.
"I'm finally on this land again......"
Listening to the white-bearded Li Chunqiu muttering to himself, Xia Yu sighed with emotion.
"Old man, the motherland welcomes you back!"
One of the accompanying staff members said smartly.
"Thank you!"
Li Chunqiu said gratefully.
After sighing, Li Chunqiu cleaned up his mood and followed Xia Yu to participate in the welcome luncheon prepared locally.
After the luncheon, Xia Yu's group began to diverge, and each acted according to the original work arrangement.
Among them, Zhang Gufeng, general manager of Taiji Pharmaceutical, and Wang Bowen, general manager of Yangshengtang, and a group of people went to Yunnan, Guizhou, Guizhou and other places in turn to find a suitable place for the construction of a Chinese herbal medicine planting base.
In addition, a group of people scattered to various regions of the mainland to purchase ancient Chinese medicine prescriptions, striving to buy as many ancient Chinese medicine prescriptions as possible before the people of the island countries.
And Xia Yu, before he had time to inspect his foundation in the mainland, followed the impatient Li Chunqiu to Wudang Mountain.
When he arrived in Hubei Province, he was inevitably blocked again, and Xia Yu had to eat another meal under the hospitality.
During the banquet, Xia Yu took the opportunity to learn about the situation in Wudang Mountain.
In the afternoon, accompanied by the staff, Xia Yu and others finally began to climb the mountain.
It's just that starting from the foot of the mountain, the dilapidated and dilapidated railings and statues and other scenes make Li Chunqiu's face ugly.
On the contrary, Xia Yu was mentally prepared and knew why Wudang Mountain was like this.
Walking along the stone steps, there was not a single pedestrian on the way, and it looked very desolate.
It is far from the grand scene of Wudang Mountain and the sea of people in later generations.
"Isn't there a plan from above to allocate funds for the repair of Wudang Mountain?"
A trace of thought flashed in Xia Yu's eyes, and he asked the staff accompanying him as he walked.
The staff was embarrassed and explained: We have already applied to the above, but there are too many places across the country that need money, so we are not sure when we will be able to approve it. ”
Xia Yu bowed slightly, glanced at the master's ugly and sentimental face, and a thought appeared in his heart.