Chapter 1682 Start Making Money (4/5)

This time Feng Yu came to the United States and exposed the hidden information of those real estate finance and credit companies, which caused shocks in the US stock market.

But within a week, those companies delisted or suspended trading one after another, and the US stock market stabilized again. Even the stocks of some real estate-related companies have not fallen much, and they are still showing signs of rebounding driven by the broader market.

Although the media began to publicize the subprime mortgage crisis, this matter was obviously suppressed by the attention of another matter, that is, the election of the President of the United States.

In other words, at this time, many major countries are undergoing a change of leadership, which is rumored to be a routine. It means that everyone will change the term together, and then no one will disturb the other party's election. After the change of term, we will make friends again.

Of course, this is not absolute, Feng Yu thinks this is just a gossip circulating in the market.

For example, the terms of office of heads of state in some countries are different, and the time of transition is naturally also different. It is just a coincidence that they came together. China is held every five years, while the United States and Russia are held every four years.

Of course, the United States and Russia, the two world powers, are enough to attract the attention of the world.

Although the stock market in the United States has stabilized, the previous rapid upward momentum has been stopped. Although the stock market is still rising, but the rise is far from so strong.

Indeed, many people are worried about the U.S. stock market, and some people still say that every time a leader of a major country changes, it is a reincarnation.

Due to policy adjustments or other reasons, some industries will always be affected, which will inevitably affect the financial market.

All kinds of rumors were flying all over the sky, and Feng Yu really didn't have anything to do with it. Even if he wants to release news, he will release some real news, what's the matter with spreading rumors.

Affected by various reasons, Feng Yu and Soros have both started to enter crude oil futures, and some people have also seen that gold seems to have a momentum of rising again, so many investors put their funds into the futures market, mainly to buy Crude oil and gold.

When the Federal Reserve lowered interest rates, coupled with the continuous selling of U.S. dollars in the market, the U.S. dollar began to depreciate slowly, and many people have already exchanged U.S. dollars for other products.

And because of this, it pushed up the stock market.

Now the US dollar has depreciated by more than 3%. This ratio may not seem high, but if you think about the amount of US dollars held, you will know that this ratio is already very scary. The assets of many countries have evaporated by an astronomical figure.

The U.S. dollar is still falling slowly, and the decline has not stopped. It seems that the Fed has no plans. This has made the financial market more prosperous, and many people who have never bought financial products before are now buying them.

Under such circumstances, Feng Yu, Soros, Fu Rongqi, Professor Liang, etc. are also constantly trying their best to raise crude oil, and the price of crude oil has really begun to rise.

Today, the price of crude oil has reached 60 US dollars per barrel, which is 10% higher than what Feng Yu and the others bought at the beginning!

It seems that the rate of 10% is not high, but they have used a minimum of double leverage and a maximum of five times leverage. Coupled with their huge amount of funds, they have already made a lot of profits.

But this number did not satisfy Feng Yu.

So far, only Iran has unilaterally announced a reduction in crude oil production and called on other OP member states to respond, but unfortunately there has been no response at all.

At this time, the United States and Saudi Arabia are still playing Tai Chi. They neither say they want to reduce imports from Saudi Arabia, nor do they say they will continue to support Saudi Arabia as the leader of the crude oil market.

To put it bluntly, this matter will be handed over to the next administration.

Saudi Arabia is also waiting for the attitude of the United States, especially waiting for the election of the new president of the United States before they can formally start negotiations.

As for some other member states, they are already very happy to see the rise in crude oil prices, which means that they can make a lot of money this year without increasing production.

Just by selling oil, many of their countries can become developed countries, and each of them is very rich.

But there are still countries that are more miserable, such as Iraq, Kuwait and so on. Like Iran, many countries owe a lot of foreign debt.

Their production capacity is so high. The later the foreign debt is repaid, the more interest will be paid. Don't think that the interest on debt between countries must be low. If so, then there must be other interests involved.

So Iran went to talk to other countries at this time. Everyone owed so much money. Now that the price of crude oil has risen, it seems that we can pay off the debt two or three years in advance, but why can’t we just use it in two or three years? Pay it off?

As long as the price of crude oil continues to rise and the price doubles, our goal will be achieved.

This is of great benefit to our ope member states. It's not just us Iran making money, don't your other countries also make money?

What do you say about those member states that are not short of money? You can choose to cut production.

In this way, your underground oil and other energy sources can be exploited for a longer period of time, and can make your country rich for a longer period of time. Isn't this a good thing?

At this time, Iran began to lobby among member states, especially they wanted to persuade Saudi Arabia that as long as the boss agreed, then things would be easy.

But at this time, Saudi Arabia is still waiting for news from the United States, and it is impossible for him to give Iran an answer now. And Saudi Arabia not only has oil, they also do a good job in many trades, much stronger than other member states.

However, Saudi Arabia is not in a hurry, but other member states were persuaded by Iran, and everyone joined forces, taking advantage of the current trend, will definitely be able to push the price of crude oil higher, which is in the interests of all their member states.

Saudi Arabia still disagrees and announces a production cut, which is not acceptable. There is no reason to cut production casually. A lot of money, they have a plan, the important thing is that the attitude of the United States is uncertain. But it is not easy for Saudi Arabia to stop other countries. It cannot make other countries obey Saudi Arabia, right?

So these member states discussed it. We cannot announce production cuts in the name of ope, but countries themselves announce production cuts. Is this okay?

Once those big countries make trouble, whoever announces the reduction of production will take the lead by himself.

As a result, a second member state announced that it would cut production. After the news came out, it aroused widespread concern.

What do you mean, is ope already passed the decision to cut production, or is there a conflict among them? However, if a second country announces production cuts, it is hard to guarantee that there will not be a third or fourth country to announce.

From this point of view, crude oil production is really likely to decrease.

What does that mean, it means that the price of crude oil will rise.

On the same day, the price of crude oil rose again by five dollars/barrel. When Feng Yu saw the news, the corners of his mouth slowly raised.

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