nucmednet Chapter 65 International Crude Oil Flash Crash, Negative Price Crisis
Chapter 65 International Crude Oil Flash Crash, Negative Price Crisis
"OK, a perfect ending!"
"Whew~" Jiang Feng let out a long sigh, stretched in front of the computer, and smiled slightly.
Looking at his account balance of $55.02 billion, he smiled with great satisfaction and sent a message to Abram and the others:
[Mr. Abram, Mr. Omar, thank you for your information and financial assistance, which made me rich overnight!]
[Screenshot of futures trading software - JPG]
[Screenshot of bank transaction - JPG]
[Successfully earned $42 billion!]
I really don't know how to thank you all. I'll treat you sometime, and we can celebrate together!
[^_^]
Heartbreak!
Jiang Feng himself felt deeply hurt!
(→_→)
He also owes Abrams $16 billion, no, no, no, to be precise, 10 billion RMB.
Current exchange rate: 6.8
So
Only $14.7 billion needs to be returned!
(￣?￣)
Besides, it's impossible to repay now. It's not due yet, so what's the point of repaying? It's better to just put it in the bank and earn interest, right?
There are still more than half a year left!
2% annual interest rate
You can earn hundreds of millions in interest!
Hehehe, we must make use of this money to create greater value. Let's see if there are any projects.
"Ding"
He received a reply from Abram on his phone:
[Mr. Jiang, congratulations, we've lost. Now that the bet has been decided, could you please return our money? We're facing some difficulties lately.]
Abram did not lie!
Their conglomerate is really in trouble!
The investments I made have resulted in massive losses...
The super flu caused an economic recession, shutting down many factories and transportation routes, and causing a stock market crash, resulting in huge losses for major Wall Street financial groups.
They desperately need funds to recover!
Jiang Feng refused without hesitation:
[Oh, I'm sorry, Mr. Abrams, I was preparing to go long on crude oil, but I'll probably need to borrow those funds for a while longer. It's truly a pity!]
[╮（╯＿╰）╭]
Wall Street, Abram & Omar Group, Abram, frustrated, slams his fist on his desk and bursts into profanity:
Fuck
Their attempt to steal a chicken backfired spectacularly; they not only failed to swindle Tesla shares from Jiang Feng, but also lost hundreds of millions in interest.
We also suffered huge unrealized foreign exchange losses!
They lent out $16 billion.
Now, they can only recover $14.7 billion, and Jiang Feng is unwilling to return it immediately, wanting to bleed them dry.
Sonofabitch!
They are even more Jewish than we Jews.
(T～T)
Beside him, Omar sighed, "God bless him, this guy's luck is simply incredible, it's terrifying."
"You'd better not mess with him again!"
"Ah~"
Those who understand the times are wise; the Jewish people are most fond of changing their stance according to the wind and would never force a situation against them.
Is it necessary to retaliate?
That's an idiot!
The most important thing in life is to see the situation clearly.
"Oh, by the way, the solar panels we purchased last time are about to arrive. I wonder if they can be delivered on time."
"If it is overdue—"
"They must be made to pay the penalty for breach of contract."
Two months ago, Lu Bo and Su Yingxue signed a solar energy supply contract with them, and the delivery is about to begin.
There's still no movement.
There's a high probability that something's wrong.
That makes sense. Customs is conducting strict inspections now, and imported cargo ships are being detained and queuing at the port, making it difficult to deliver them normally.
The first order is worth fifty million US dollars!
200% penalty
(→_→)
They're really hoping the supplier will default!
Lu Bo and Su Yingxue are extremely anxious. The final deadline for delivery is fast approaching, but US customs still won't release the goods, and the ports are completely full.
This contract is likely to expire.
How to do?
How to do?
How to do?
The penalty for breach of contract is as high as one hundred million US dollars!
Damn, if they really breach the contract, their company can just declare bankruptcy; they simply can't afford to pay that much money.
Lu Bo's father was so worried that his hair turned white overnight, and his mother was also frowning, sighing and lamenting.
They want to go to California for crisis public relations.
however
Air tickets are extremely hard to come by right now!
Prices have risen to over 100,000 yuan, yet supply still cannot meet demand, and a turnaround will be very difficult and will take a considerable amount of time.
"This is how to do ah?"
"This is how to do ah!"
"Is the company really going to go bankrupt?"
"I'm not reconciled!"
"I'm not reconciled!"
Lu Bo's father was in a daze, in great pain, lying on the sofa talking to himself, as if he were having a final burst of energy before death.
His mother also looked utterly desperate.
Lu Bo was filled with worry. He suddenly remembered what Jiang Feng had said on the plane that day: "If I were you, I would sell the company and use the money to invest in domestic new energy vehicle brands! Then, I would withdraw when the market was at its peak."
Perhaps Jiang Feng is right.
We shouldn't be fixated on the solar energy sector!
This business is really tough!
and many more…
Jiang Feng?
Yup!
Perhaps, Mr. Jiang has a way to help us?
He immediately contacted Jiang Feng for help, while Su Yingxue watched from the side, her hands clenched into fists.
aggrieved
Helpless
confused
pain
Expectation
...
In the pig farm office, Su Meng, Xu Jiao, and Xu Lin strode up to Jiang Feng, like proud little peacocks, and handed him their phones.
"Little Fengfeng, do you submit?"
"The stocks we invested in have surged!"
"Hmph~" (╯^╰)
Jiang Feng was speechless, not knowing whether to laugh or cry. Looking at their smug expressions, he really didn't know what to say.
New player protection period?
They actually made a profit...
Total increase +102%
Purchase price 5.11
Current price: 10.3
They invested a total of six million, and now their principal has doubled to twelve million!
How could you make so much money without using leverage?
Blanching
Originally, I wanted to trick them into taking the risk.
结果
The clown is me!
(￣^￣)”
Damn it, Huanda Auto hasn't risen in years, but it skyrocketed as soon as they bought it. Are we all stock market geniuses?
Wu Jiayi was impressed...
To my utter surprise, my family, three complete novices learning to trade stocks actually picked a skyrocketing bull stock.
6
Jiang Feng exclaimed helplessly, "I'm bowing down to you big shots! This is truly amazing! Each of you deserves a sports car as a reward!"
"Want a Lamborghini?"
"Still a Ferrari?"
"A rotten winnowing basket~"
"A rotten winnowing basket~"
"A rotten winnowing basket~"
They all chose Lamborghini Aventadors, but in different colors: red, white, and yellow.
Wu Jiayi sighed enviously to herself:
Perhaps being Jiang Feng's wife is actually quite good. Not to mention material things, even her luck has improved?
Jiang Feng sensed something was wrong!
Huanda Auto doesn't have much substance.
Why did the stock price surge so dramatically?
(?_?)？
Frankly, he's rather averse to real estate companies. These lousy companies have terrible core competitiveness! Their development relies entirely on burning money, and they don't achieve the desired results.
Something feels off...
"It looks a bit like a giant crater?"
Jiang Feng muttered something to himself.
He's unwilling to invest!
Let's just stick to going long on crude oil.
Check the date: the 20th
Oh, what a coincidence, tomorrow is the expiration date for US crude oil futures contracts. I'll wait until the day after tomorrow to buy them!
next day
Early morning
2:20
Jiang Feng played a few games with the girls, and after coaxing them to sleep, he read for two hours to relax before going to bed. He habitually checked the price of crude oil before sleeping.
He casually opened his futures trading software—
Crude oil: $20.17/barrel
suddenly
15
10
0.00
-10
-20
-30
Jiang Feng watched helplessly as prices plummeted, instantly dropping into negative territory, then crashing and quickly rebounding.
A second chance, then another collapse!
(￣ Pan￣)
"What the hell?"
Before Jiang Feng could react, the price rebounded again. He was completely dumbfounded, his expression one of shock and confusion, unable to believe his eyes.
What's the situation?
.