Chapter 1733 All Bullish

OPEC announced a collective production cut, which was beyond most people's expectations.

Of course, Feng Yu knew that this kind of thing would happen a long time ago, and big countries such as the United States and China also analyzed this possibility through some political trends, but he did not expect it to be so soon.

As soon as the news came out, the price of crude oil stopped falling immediately, and then began to rise wildly, returning to the high of $95 that day.

Kirilenko was yelling at the agents at this time: "Have you seen the news? You all know what this means, right? You are all professionals, who will explain it to me?"

Everyone was silent, they never expected that OPEC would announce a collective production cut by all member countries!

Why hasn't there been any movement on such a big event before?

When Iran announced production cuts at that time, didn’t you, Saudi Arabia and other countries say nothing, and even said whether the reduction in crude oil production was related to the national economy or something.

How long has it been? Why did you suddenly take the lead in reducing production without any warning?

"You are all experts in the financial field, and some of you are university professors. You are very good at your professional fields, and some of you still have your own arrogance, which is understandable."

"But you also need to be able to listen to suggestions and opinions. Don't be too conceited! Don't think that everyone else is worth mentioning except you. How dare you question Feng's decision?"

"What I told you at the beginning, Feng personally assured me that the price of crude oil will rise by more than one hundred dollars, even more than one hundred and twenty dollars, and one hundred and forty dollars is also possible."

"What about you, what are the expressions on your faces when you hear these words? You didn't say anything, but you questioned Feng's words in your heart, right? Many of you thought that Feng was lucky enough to become the world's richest man ?”

"What about now? Do you still think that way? Who else thinks that the price of crude oil cannot break through the hundred-dollar line?"

After saying this, no one dared to argue.

OPEC announced a reduction in crude oil production, so according to the simple supply and demand relationship, crude oil prices will also rise. Not to mention, after this news comes out, there will definitely be many consortia pounced on like cats smelling fish.

Not to mention that the price of crude oil will exceed 100 US dollars, even if it is 120 US dollars, there is a great possibility, depending on when OPEC will resume normal production.

As for Kirilenko, Feng Yu analyzed that the price of crude oil may even break through the $140 line. Although they are still skeptical about this, they dare not make any further comments.

Feng Yu's reputation as the god of finance is really well-deserved. This result was analyzed a year ago?

They have also understood the specific reason, that is, the shale oil produced by the United States has hurt the interests of OPEC. And this shale oil technology has been talked about several years ago, but no one has taken it seriously all the time.

Even when the United States announced a major breakthrough in technology some time ago, they didn't expect this. From this point of view, their analytical ability is far inferior to that of Feng Yu.

After Kirilenko reprimanded his subordinates, he gave them some reassurance. After all, these people were quite comfortable in command, and they could not be replaced at this time.

"Anyway, our profits in the financial market this year will definitely not be low. When the New Year comes, each of you will get an extra check, so that you can buy some good New Year gifts for your family."

"Now, according to Feng's explanation, hedging contracts can be reduced, and the rise of crude oil is unstoppable!"

...

"Boss, have you read today's international news?" Zhuken Miller asked.

Soros had a very bad face. He believed that crude oil would not continue to rise, but should fluctuate continuously in the range of $90 to $100.

Although their strength is enough to ensure that they can make money, but they must have to do a lot of hedging, and the profit will not be too high. But gold is different, it will definitely rise in fluctuations,

There is no suspense that the price of gold will rise by fifty dollars, and it may even rise by more.

But at this time, the OPEC organization actually announced a collective production cut!

How could they announce production cuts? How could the United States, China, Japan, etc. agree to the production cuts? Isn't OPEC worried about economic sanctions from these major powers?

In Soros' view, these major crude oil importing countries can accept a rise in crude oil prices, but not beyond a baseline. At the beginning, many people thought that $80 was the baseline, but later they all thought that $100 was the baseline.

But no one thinks that the price of crude oil may exceed 100 US dollars, and many people even firmly believe that within three months, crude oil will fall back below 80 US dollars, and those big countries will definitely intervene in the market.

But before those big countries intervened in the market, OPEC made a big move first, which is like a shot in the arm for the crude oil futures market!

Now even people who don't do finance know that crude oil is about to rise.

And they don't know when the crude oil production reduction organized by OPEC will end. As long as this does not end, the price of crude oil will not stop rising.

He also knows the reason why the OPEC organization announced the production cut this time, to fight against the shale oil in the United States.

Now the pressure is entirely on the side of the United States, and the United States has to bear the pressure of China, Japan and other countries. At this time, the U.S. economy is in need of help from other economic powers, and when this incident suddenly occurs, the U.S. economy will inevitably deteriorate further.

In fact, this time is also a good opportunity. Soros quickly analyzed that the financial market in the United States may collapse, and the US dollar, stocks, funds, bonds, and even the futures market will usher in a comprehensive decline.

At this time, his three-dimensional investment method is most suitable. If this happens in other countries, he is guaranteed to make a lot of money.

But he is from the United States. If he takes the lead in doing this, life will be difficult.

Seeing a good opportunity to make money, he couldn't miss it, so he thought of some countries with close economic ties with the United States, such as the United Kingdom, or island countries.

The financial market over there also has an open policy, which will be of great help to his operations.

But that was a matter of time, and now he is faced with two choices, whether to continue investing in gold futures, or to go back and invest in crude oil futures.

If it's for the sake of face, then sticking to gold futures is definitely right. But obviously, the profit of crude oil futures may be higher, the increase may exceed 20%, and even reach 40%. If leverage is used, he may have more than doubled the profit!

Soros ordered: "Zhuken, adjust our investment ratio, increase the amount of investment in crude oil, and reduce investment in gold, stocks, etc. Let people pay attention to the island country's financial market. Our next step is to go there to make a fortune!"

... (To be continued.)

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