Chapter 272 Oil Prices Fall

While Feng Xingtai was preparing for the New Year's celebration with enthusiasm, Feng Yu had already returned to Bingcheng and was on the phone with He Zhaoji, who reported the latest prices of international crude oil and London gold.

On January 17th, the price of oil rose by one dollar and then began to fall. Since then, the price of oil has fluctuated and dropped every day. It has been ten days, and the price of oil has dropped from more than 27 dollars to 19 dollars. Especially on the 17th, the price of oil dropped the most and most severely. It actually fell from the highest point of more than 27 US dollars to less than 23 US dollars, and the next day it fell to less than 20 US dollars.

Then the price of oil began to fluctuate slightly, but the price just couldn't rise. Every day, the closing price was lower than the previous day, and the closing price was kept below 20 US dollars.

He Zhaoji admired Feng Yu's analysis operation to death, unexpectedly someone dared to bet on the sharp drop in oil prices, and it really succeeded. It's just that He Zhaoji is a little worried now, whether the price limit set by Feng Yu is a bit low, eighteen dollars, if it is twenty dollars, now Feng Yu has completed the delivery and made a lot of money.

Feng Yu just told him to wait patiently. Although the price of oil has fluctuated a bit, it will not rise. In just a few days, it will definitely fall to the low price of 18 US dollars, and then it will be time for automatic delivery to make money.

The members of the Fu family gathered at Fu Rongqi's house again at this time to discuss whether to believe Feng Yu, the price of oil would fall below eighteen dollars.

If they buy at a high point of more than 20 US dollars and use high leverage, although there is only a difference of 2 US dollars, they can still make about twice the profit.

It's a pity that they didn't fully trust Feng Yu at the beginning. If they followed Feng Yu and sold short at a high price above 27 US dollars, their profits would be six times greater when the oil price fell to 18 US dollars!

Feng Yu bought several hundred million U.S. dollars, and all of them were leveraged at the highest multiple. Doesn’t it mean that Feng Yu can earn more than two billion U.S. dollars?

The other three brothers of the Fu family are complaining about the boss Fu Rongqi. If Fu Rongqi followed suit, they would definitely follow suit. Even if they only invested 100 million Hong Kong dollars, they would still be able to earn a profit of 500 to 600 million Hong Kong dollars. If they can invest more, they will earn more.

Fu Rongqi was furious, look at Xiangjiang, who has shorted oil? How many people have sold short in the world? Even if I sold short at that time, would I dare to use high leverage? Dare you bet on such a low price? Who of you would have thought that there would be a war. Oil production has dropped, but prices will fall?

At that time, Feng Yu bought so many, you didn't know that, who of you would dare to follow suit?

When the boss got angry, they didn't say a word, and they only dared to complain. If the Fu family didn't have the boss to carry them in front, they wouldn't be where they are today.

In fact, if the big boss asked them to buy it at that time, they might not have dared to follow suit. But know the opportunity. But because he had no courage and failed to make a lot of money, he inevitably felt a little uncomfortable.

Fu Rongqi was also feeling uncomfortable, on the 16th. The price of oil rose sharply, he thought Feng Yu's analysis was wrong. But on the afternoon of the 17th, the price of oil suddenly plummeted. Who would have thought of this?

Then the price of oil fell all the way. It never rose again, he realized that when he wanted to buy. It was too late.

According to Feng Yu, there is still a price difference of two dollars, but two dollars, the profit is too little, unless you dare to be leveraged with a maximum margin of 5% like Feng Yu, but that risk is too great up.

Fu Rongqi has watched the Fu family develop to today over the years,

I also saw that many former Xiangjiang tycoons gradually faded out of people's sight, most of which were due to failed speculation.

Investment is not terrible, although there is a risk of loss, but through detailed analysis and careful operation, the risk is controllable. But if it is speculation, it is no different from gambling. Although the profit is very high, the risk is also very high. If you are not careful, you may lose your money.

Just like Fu Rongjin who speculated in rubles, he lost 400 million in a short period of time, and now he has made most of his money back by relying on the gold futures news provided by Feng Yu.

But after earning it back, Fu Rongjin didn't dare to bet on the drop in oil? Instead, he hurriedly returned the borrowed money. Those who had lost once were more likely to seek stability.

Fu Rongqi does not plan to continue investing in oil, the profit is not high, and there are still great risks, it is better to speculate in gold. The gold market is also fluctuating a bit at this time. The price has been falling as Feng Yu said, and has fallen to about 360 US dollars per ounce. I believe that the bottom line price of 355 US dollars that Feng Yu said should be Not far away.

Following Feng Yu to short sell gold, they also made a lot of money. Fu Rongqi called everyone here this time to let everyone prepare funds. He planned to buy the bottom when it was around 355 US dollars. He thought it was very safe. Whether other brothers should follow up, let them make their own decisions.

The other three brothers of the Fu family looked at each other and decided to invest another sum of money. Although they didn't believe that Feng Yu said that gold would rise sharply, but the elder brother's team had analyzed it, and the price of gold would definitely rise. I can't guarantee how much it will rise. In this regard, they still believe in the analysis results of the big brother team.

Anyway, if they are buying up, they can sell at any time. They don't need too high leverage, and they should be able to make a lot of money steadily.

Fu Rongqi still has some hesitation now, whether to do hedging and reduce risks. In the past, when he invested in futures, he would do hedging, which is to buy and sell the same number of contracts, so that once a certain order is about to be liquidated, he can offset it with another order in his hand.

This is the method adopted by many large companies and financial predators. Although the profit has been reduced a lot, the risk has also been reduced a lot.

Although they gave up the matter of making one billion and earning one billion, they would not let one billion suddenly become one billion, or even disappear directly, and they could invest one billion to make a profit of one billion.

Fu Rongqi's mind is full of Feng Yu's appearance of short selling oil that day, so confident, so free and easy. It seems that he thinks that he will definitely win and will never lose.

Young people, they are rushing, but at Fu Rongqi's age, they will no longer do things that are so risky, even if the profits are also very attractive.

It's better to do hedging, a small amount of hedging, to reduce risk, I believe that when gold falls to $355, it will definitely rise again. But he is not sure whether he can reach the high point of more than 400 US dollars as Feng Yu said, and no one in his team dares to make such an analysis.

A few days later, the price of oil finally fell below $18 and closed at $17.74, and all the oil futures contracts in Feng Yu's hands were delivered.

When Fu Rongqi heard his subordinates report that the oil had fallen below 18 dollars, deep down in his heart he felt admiration for Feng Yu.

Since the analysis of oil is so accurate, the analysis of gold will also be very accurate. This time, hedging will not be done. Fu Rongqi also decided to take a gamble! (To be continued.)

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