v3 Chapter 714： Long oil futures

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During this period of time, he bought and bought lavishly, and the funds flowed away like water.

Bleeding without blood supply is not enough. An opportunity that he has been eyeing for a long time is about to appear, and it is about huge profits, and he is about to go north soon, so Xia Yu can't help it.

When he came to the Galaxy Fund, Xia Yu gathered Xia Yu who was able to do his job and asked about the specific situation.

In the conference room, Liu Xiao introduced: "Boss, according to reports from the United States by Xue He, Song Yang and others, the 400 million US dollars now brought to the United States has been used to leverage ten times, and the total 4 billion US dollars have all bought oil. Futures, an average of US$20.4 per barrel of oil."

"The whole process took two months and eight days. Now the daily trading volume of oil futures on the New York Mercantile Exchange has exceeded 50,000 lots, with an average daily trading volume exceeding one billion US dollars..."

After listening to Liu Xiao's introduction, Xia Yu's mouth raised slightly and he was in a good mood.

"Yes, after the meeting, let Song Yang, Xue He and others continue to stick to it. If there is nothing to do, it is good for them to improve the branch in New York and study New York's financial market more!"

"Okay, I will convey your words to them!"

Liu Xiao immediately responded.

This time, Xia Yu is eyeing the international crude oil futures market and intends to make a fortune.

From the end of last year to the beginning of this year, Iran stopped exporting oil for 60 days due to political turmoil. Xia Yu also hyped up international gold prices.

At that time, because the time was not ripe, the New York Mercantile Exchange officially listed oil futures contracts in November last year. At the time when the market opened up, the plate was too small, and Xia Yu had to give up doing long oil futures.

But it's different now, it's been nearly a year.

The oil futures market on the New York Mercantile Exchange has expanded by many times. The average daily trading volume has exceeded 50,000 lots, which is equivalent to 50 million barrels of daily trading volume. At the current price of more than 20 US dollars per barrel of oil , The average daily transaction volume reached one billion US dollars.

The market has expanded, and Xia Yu will certainly not ignore it.

Because he knew that following the historical trajectory, a practice that shocked the world would happen, that is, the Iranian hostage crisis.

At the beginning of this month, despite the protests of the Iranian authorities, the United States allowed the former Pahlavi to go to the United States for treatment, which once again aroused the Iranian people's strong dissatisfaction with the US government.

The U.S. government did not expect that on November 4, a group of Iranian students would rush into the U.S. Embassy in Iran and kidnap 63 embassy personnel.

This is undoubtedly a big slap to the American face of the world police.

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 will freeze all Iranian accounts and deposits in the United States, totaling eight billion U.S. dollars in assets.

In response, Iran also announced an oil embargo on the United States.

What happened in just over ten days will cause the global oil supply and demand relationship to fall into chaos, which will spread panic throughout the market.

In order to prevent possible oil shortages and price increases, users in Western oil-consuming countries frantically snapped up oil and increased inventories. As a result, the daily demand for oil was 3 million barrels higher than usual, which intensified the situation of oil shortage.

Coupled with the outbreak of the Iran-Iraq war in September next year, oil production in the Gulf region has once again decreased, further pushing up international crude oil prices.

At the end of last year, the international oil price was only 13 U.S. dollars a barrel, but miscellaneous goods have risen to 20 U.S. dollars a barrel.

Xia Yu is very clear that this is far from the upper limit of international oil prices. By the end of the year, international oil prices can rise to the level of 45 to 50 US dollars a barrel.

With 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. Such a good thing will not be found!

If this opportunity to overtake and accumulate capital on corners is missed, then Xia Yu, as a rebirth, would have failed too much.

There are more places to spend money in the future, and he has to plan for a rainy day to dig around.

Earning profits from international gold at the beginning of next year will be enough for him to squander for a year. By the end of next year, he will be able to reap the profits of international oil futures and replenish ammunition in time.

After telling Liu Xiao and others some things, Xia Yu finally left with peace of mind.

November 1, with a clear sky, is a good day to travel.

Dressed in casual clothes, Xia Yu, in a low-key manner, boarded the ship going north with Master Li Chunqiu and his subordinates.

This time, Xia Yu has already passed through, and will not be fancied. The name is to check the company's operation in Pengcheng, and the general itinerary is also set, also to facilitate the mainland to arrange personnel to connect.

When he got off the boat and set foot on Pengcheng, Li Chunqiu couldn't help tearing his eyes.

"I finally set foot on this land again..."

Listening to Li Chunqiu with white beards fluttering, Xia Yu was deeply moved.

"Master, the motherland welcomes you back!"

An accompanying staff member said cleverly.

"Thank you!"

Li Chunqiu said gratefully.

After sighing, Li Chunqiu cleared up his mood and joined Xia Yu to attend a welcome lunch prepared locally.

After the luncheon, the group of Xia Yu began to diverge, each acting in accordance with the original work arrangements.

Among them, Zhang Gufeng, general manager of Taiji Pharmaceutical, and Wang Bowen, general manager of Yangshengtang, went to YunGuiQian and other places in turn to find suitable places to build Chinese herbal medicine planting bases.

There is also a group of people who have scattered to various parts of the mainland to purchase ancient Chinese medicine prescriptions, striving to get as many ancient Chinese medicine prescriptions as possible before the islanders.

Before Xia Yu had time to inspect his foundation in the mainland, he went to Wudang Mountain with the impatient Li Chunqiu.

When he arrived in Hubei Province, he was inevitably blocked by others, but Xia Yu had to eat another meal under his hospitality.

During the dinner, 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 started climbing.

Only from the foot of the mountain, the dilapidated and disrepaired railings and statues made Li Chunqiu look ugly.

On the contrary, Xia Yu had been mentally prepared for a long time, knowing why Wudang Mountain was like this.

Walking along the stone steps, there was no pedestrian on the road, which seemed very desolate.

It's a far cry from the crowded scene of Wudang Mountain.

"Isn't there any plan to allocate funds to repair Wudang Mountain?"

A hint of thought flashed in Xia Yu's eyes, and he asked the staff accompanying him as he walked.

The staff felt embarrassed and hesitated to explain: We have already applied to the above, but there are too many places where money is needed across the country, so we are not sure when it will be approved. "

Xia Yu nodded slightly, glanced at Master's ugly and sentimental face, and a thought emerged in his heart.