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Chapter 488 Oil Futures

"Boss, is the plan to acquire Longxin Group still going on as scheduled?" Wen Yuedong came to Ren Xiaoyao's office and asked.

"Go on, who asked him to help Cheng Guodong (Mr. Cheng) and go against me, so he can only end up like this." Ren Xiaoyao said.

"Yes, the home appliance wholesale and retail company we established now has seized 30% of the market share of Longxin Group, and has signed long-term supply contracts with a number of home appliance manufacturers. The most important thing is to bring together several home appliance manufacturers.

The major electrical appliance manufacturing companies have poached Longxin, and Longxin will be out of stock in less than three weeks, and an avalanche will appear in front of Longxin Group." Wen Yuedong said.

"Okay, that's great. As long as the other party's capital chain and supply of goods are broken, we will restart the acquisition plan. At the same time, we will make a big splash in the news and on the Internet to force Longxin's partners to withdraw their investment, and finally force Zhao Weiming to sit at the negotiating table.

Come on." Ren Xiaoyao said.

"Yes!" Wen Yuedong agreed and stepped out.

With nothing to do, Ren Xiaoyao turned on his computer, and a piece of news popped into his eyes. The situation in Iraq was tense, and the US military in Iraq was subject to suicide attacks. The US military suffered heavy losses, causing oil prices to rise sharply!

Seeing this news, an idea flashed in Ren Xiaoyao's mind, and two big words quickly appeared in front of his eyes: Petroleum!

These two big characters slowly turned into countless money shapes, and then came overwhelmingly towards Ren Xiaoyao...

After shaking his head to get rid of these illusions, Ren Xiaoyao knew that another business opportunity was coming.

Picking up the phone on the table, Ren Xiaoyao called Chavez and told him to increase his purchases of crude oil futures, then hung up the phone.

"Secretary Wang informed Vice President Ma to come to my place." Ren Xiaoyao called Secretary Wang outside the door through the intercom phone.

"Chairman, are you looking for me?" Vice President Ma walked in and asked.

"The war in the Middle East has been tense recently, and the price of crude oil will definitely rise sharply in the next step. This is an opportunity to make money." Ren Xiaoyao said.

"The chairman also wants to buy crude oil?" Vice President Ma asked.

"Yes, what?" Ren Xiaoyao asked.

"Oh, that's it. I just came back from the Futures Financial Investment Department, and I have informed them to start buying crude oil futures." Vice President Ma said.

"Okay! Be discerning! Not only buy, but also buy big and big. Don't be afraid of losses. There will definitely be people making trouble in this crude oil, but we must hold on. I believe that victory will belong to us in the end!" Ren

Xiaoyao patted Vice President Ma on the shoulder and said.

"Yes!" Vice President Ma said.

Then Ren Xiaoyao called Lu Wei from Longxing Global Fund to report the news about crude oil futures.

Six days later, it was still late at night and early morning. The study room of Ren Xiaoyao's villa was brightly lit. Ren Xiaoyao sat quietly at his desk and looked at the latest quotes of May crude oil on the New York Petroleum Futures Exchange on the computer screen.

He also kept typing on the keyboard, and with the cooperation of Chavez, who was in New York, USA, he was conducting trading operations for the May crude oil futures contract.

Recently, as the powder barrel situation in the Middle East has gradually worsened, the trading price of light crude oil on the New York Futures Oil Exchange has been rising. In particular, the trading price of May crude oil for delivery in two months has been soaring.

Yesterday, it even broke through the integer psychological price of 80 US dollars per barrel. Although it was later suppressed by concentrated profit-making selling, it finally closed at 80.37 US dollars per barrel, but it also set the highest closing price in the history of oil futures trading.

Since the U.S. government finally decided to withdraw its troops from Iraq on a large scale due to the growing anti-war pressure in the country, the situation in Iraq has continued to deteriorate. The puppet government that the U.S. government had gone to great lengths to build suddenly became a reality after the U.S. withdrew from Iraq on a large scale.

An empty shelf.

Warlords and religious forces across Iraq have redefined their spheres of influence, directly eclipsing the so-called democratically elected government of Iraq, and turning Iraq, a puppet government supported by the United States, into a real ornament.

The warlords and religious forces in various places who lost the control of the government began to fight on a large scale, and the raging flames of war burned throughout Iraq.

Even the already unstable neighboring Arab countries have been affected, and the domestic situation has begun to show signs of instability, which has increased investors' concerns about the future of the situation in the Middle East.

The concerns of the majority of investors about the situation in the Middle East have become the driving force for oil futures prices to once again exceed the psychological price of 80 US dollars per barrel.

$80.53, $80.76, $80.93, $81.10…

Seeing the prices easily breaking through 81 US dollars one by one, and the astronomical dollar bills flowing into his pocket like running water, Ren Xiaoyao finally showed a satisfied smile on his face.

The reason why the price of crude oil on the New York Petroleum Exchange was able to soar in May was partly due to the contribution of the American Long Yunbi Fund controlled by Ren Xiaoyao.

Of course, the greatest credit belongs to large investment fund companies in the United States such as Goldman Sachs, Morgan, and Quantum Fund.

Compared with these world-class fund companies that have a long history and can easily mobilize hundreds of billions of dollars to invest in the futures market for speculation, the Long Yunbi Fund controlled by Ren Xiaoyao can only be regarded as a junior.

As the situation in the Middle East worsened, Ren Xiaoyao sensed an opportunity. After using his special powers to detect that Goldman Sachs, Morgan, and Quantum Fund, three of the world's top fund companies, were preparing to join forces to speculate on the New York June crude oil futures.

Ren Xiaoyao ordered Chavez to raise a huge amount of 15 billion US dollars.

Then all these funds were invested in the futures trading of June light crude oil on the New York Futures Commodity Exchange.

The hegemonic investment fund made some "little money" from behind.

At 3:30 in the morning, after living day and night for five consecutive days, Ren Xiaoyao, who was exhausted and a little drowsy looking at the computer screen, suddenly became energetic.

Because he finally saw the long-lost green color on the computer screen where the motherland was all red, with only red acquiring orders but no green selling orders.

Rotating the energy in his body, Ren Xiaoyao carefully and slowly input the energy in his body into the computer in front of him. However, as the clear smoke on the computer monitor rose again, a pungent smell of burnt circuits floated into Ren Xiaoyao's body.

In the nose.

Ren Xiaoyao couldn't help but frown again. It seemed that the sixth computer he had replaced in five days had officially ended its young life of less than twenty-four hours, and could be evaporated and given to God for use!

"Damn it, what kind of broken computer is too useless!" Ren Xiaoyao looked helplessly at the work computer that was spitting out green smoke. He raised his hand and saw a flash of red light, and the computer on the desk was directly vaporized.

, reduced to a molecular state and disappeared without a trace.


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