"LTCM, a long-term capital management company in the United States!" Qiao Dahua said angrily, "They are the biggest shorts in the current international crude oil market, and some time ago they frantically shorted up to 10 trillion US dollars of crude oil, which directly pushed down the price of crude oil!"

"LTCM?" Qiao Tianyu was surprised by this result.

As mentioned earlier, LTCM, a long-term capital management company in the United States, is the world's largest and most classic hedge fund, ranking among the world's four largest hedge funds.

However, LTCM has always believed in the investment strategy and creed of "discovering abnormal market price differences, amplifying capital leverage, and profiting from the market through precise computer calculations", and rarely engages in high-risk and high-return investments like other hedge funds.

In Qiao Tianyu's memory of his previous life, from its establishment in February 1994 to its takeover by an international financial syndicate in September 1998, LTCM did not make a single high-risk investment in its life cycle of four years and six months!

But what about shorting international crude oil this time?

Although the sell-off amount of 10 trillion US dollars is leveraged data, even if the 50 times leverage ratio is removed, LTCM has also taken out 200 billion US dollars to short international crude oil.

Could it be that LTCM is using international crude oil as a risk hedge?

But no, the international crude oil market is the world's largest commodity market, and the amount of LTCM short is so huge, it's hard to imagine what kind of transaction needs such a huge amount of hedging?

But if you can't figure it out, you can't figure it out, in the international financial market, any kind of moth thing can happen!

Without further ado, Qiao Tianyu hurriedly took out his mobile phone and dialed the phone number of Fulder, the iron-blooded president of Lehman Brothers, and now Qiao Tianyu's Tianyan monitoring system has not yet been built, so he can only rely on Lehman's Eagle Eye monitoring system.

Let Eagle Eye Surveillance help investigate and see what kind of oversized and heavyweight transactions have happened in recent times?

The Eagle Eye system is worthy of being the most advanced transaction monitoring system in the world today, and within two minutes of Qiao Tianyu's phone call, the monitoring results were faxed over.

However, when Qiao Tianyu got the monitoring results, his face was full of black lines in embarrassment.

The monitoring results were written in black and white.

From June to July 1994, the global financial system was relatively stable, and in the ranking of the transaction amount of the world's major financial markets, in addition to LTCM's crazy short international crude oil prices, Qiao Tianyu shorted Russian National Securities, shorted Mexican pesos, shorted Merck Motors, and long Jonasee Copper occupied the 2nd-5th place in the list!

In other words, because of the birth in July, Qiao Tianyu almost dominated the world's major financial market trading rankings!

Sweat......

Could this be the legendary man who stirred the world?

"Haha, Tianyu, look at it, how domineering our Qiao family is!hahaha....." Qiao Dahua also laughed heartily when he saw this, but Qiao Tianyu's face was flushed with shame.

"Oh, uncle, don't scorn me. Qiao Tianyu waved his hand very embarrassedly, "But uncle, I'm afraid this result is a little bad." ”

"Isn't it good?" Qiao Dahua was taken aback and quickly asked, "What's wrong?"

Qiao Tianyu explained his worries to Qiao Dahua just now, it is obvious that LTCM only shorted the international crude oil market alone, and did not see a matching hedging operation, that is to say, LTCM exposed a huge short position, which is not LTCM's style of doing things at all!

There must be a demon behind this matter!

After listening to Qiao Tianyu's explanation, Qiao Dahua was also taken aback, and finally realized that the water behind this matter must be very deep, and he was a little at a loss for a while.

However, Qiao Tianyu comforted Qiao Dahua, since he had agreed to this matter, he would definitely not sit idly by, and Qiao Tianyu would find a way to solve it about LTCM.

After talking about LTCM, Qiao Tianyu was drawn to the second reason for the recent sharp drop in crude oil prices--- OPEC suddenly increased production significantly.

OPEC, the abbreviation of the Organization of the Petroleum Exporting Countries, is an international organization established by major oil-producing countries in Asia, Africa and Latin America to coordinate the oil policies of member countries and oppose the exploitation and control of Western oil monopoly capital.

OPEC was established in September 1960 and has 14 member countries: Iraq, Iran, Kuwait, Saudi Arabia, Venezuela, Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, Qatar, the United Arab Emirates, and Tunisia. It is headquartered in Vienna, Austria.

According to the BP World Energy Statistics 2017, the total oil reserves of OPEC members at the end of 2016 were 1,220.5 billion barrels, accounting for about 71.5% of the world's oil reserves, of which the top five members were Venezuela (300.9 billion barrels), Saudi Arabia (266.5 billion barrels), Iran (158.4 billion barrels), Iraq (153 billion barrels) and Kuwait (101.5 billion barrels).

In 2016, OPEC members produced 1,864.2 million tons, accounting for about 42.5% of the world's crude oil production, with the top five members being Saudi Arabia (585.7 million tons), Iran (216.4 million tons), the United Arab Emirates (182.4 million tons), Kuwait (152.7 million tons) and Venezuela (124.1 million tons).

Therefore, OPEC is the world's most important oil exporting organization, which controls the total supply of crude oil in the world, and the organization directly affects the international crude oil price through the control of crude oil products within member countries, and has a great say in the international crude oil market.

Since its establishment, OPEC has repeatedly adopted production restrictions to raise international crude oil prices, so as to achieve certain political goals and economic interests, but OPEC rarely uses a large amount of production to suppress international oil prices.

(Note: Of course, this is not entirely impossible.) On March 7, 2020, due to Russia's rejection of OPEC's oil production cut agreement, Saudi Arabia unexpectedly declared an oil price war, which not only sharply lowered crude oil prices, but also increased petroleum products significantly, causing crude oil prices to fall off a cliff. ）

Anyway, what did OPEC go crazy about this time, and even took the initiative to throw the white money out, and I didn't see who they were going to fight an oil price war with?

An LTCM accidentally exposed a huge short position, and an OPEC suddenly increased production to push down crude oil prices, these two strange things together directly overturned international crude oil prices, but made Qiao Dahua unexpectedly lie down!

It's a strange thing every day, and there are so many of them this year!

However, Qiao Tianyu understands that behind all the unreasonableness, there must be a very reasonable logic, the so-called unreasonable, but I can't see or understand it!

It seems that if you want to solve the problem of Gaudawa's crude oil price, you have to think long-term, and it is not a day's work!

"Uncle!" Qiao Tianyu frowned, thinking about it, if he wanted to solve the current predicament, he could only sacrifice a killer idea, "Can you help me find someone?"

"Okay, who are you looking for?" asked Qiao Dahua quickly.

"A Saudi prince......" Qiao Tianyu said mysteriously......