Chapter 328 Lin Beifan, You Are Too Ruthless!\r
With Lin Beifan's order, a 100 billion order came down!
The price of crude oil has plummeted, breaking through many safety lines, and many investors have liquidated their positions and been cleared out!
Wall Street's capital is stunned.
"Who's in action?"
"Isn't the appointment time yet?
"Forget it, it's almost there, hurry up!"
"The Capital Feast Begins!""
As a result, the capital of Wall Street also acted and sold crude oil one after another.
When all capitals act together, the force formed is very terrifying, and the price of crude oil falls like a broken bamboo, forming a straight falling line, which has smashed the disk.
However, this is not the scariest of all.
The most frightening thing is that the price of crude oil actually broke through the zero line and turned into a negative number!
Yes, you read that right, the price of crude oil has really turned negative!
Everyone looked at this scene in horror.
"The price of crude oil actually turned negative?"
"How can this kind of thing happen? Selling crude oil and losing money?"
"Damn it, this is it!"
"Is the crude oil futures system broken?"
"Let's go a long way!
However, this is not over yet.
When the crude oil price broke the zero line, it continued to fall wildly, and the price fell to $120/barrel!
The overall decline has reached 200%, which is terrifying!
Everyone was terrified!
Zhao Feng is the same, looking at the disk face dumbfounded!
Why are crude oil prices negative?
Can you make money selling something?
This is not logical at all!
He is long in crude oil, and as a result, the price of crude oil has fallen like this...
He glanced at the capital on his book, and because the amount of capital was too large to close the position, it turned into a negative number.
He panicked: "Where's Ye Xingchen? Where is he?
"Mr. Ye is going to the toilet!
Zhao Feng roared: "Hurry up and find him for me""!"
"..."
Zhao Feng continued to roar: "Even if he is shitting, he has to carry it out for me, hurry up! 99
"Oh, alright…
At this time, however, Wall Street's capitalists laughed wildly.
"Can't think of it?"
"I can't imagine that the price of crude oil will fall below the negative number? Haha! 99
"I think it's possible to hit the price a little lower, to $140 a barrel, how about that?
"Exactly! I want to eat not only meat, but also soup!
"Agreed! I am the best at cutting leeks!"
Wall Street capital can once again act.
Then at this moment, Lin Beifan gave the order: "Close the position for me immediately!"
"Yes, Mr. Lin!"
It turned out that Lin Beifan was a short position, but when he closed his position, he became a long position, hedging against Wall Street's short capital.
Lin Beifan's capital is very strong, so the price was quickly pulled up.
This scene quickly caught the attention of Wall Street.
"Anyone long oil? 35
"Unsurprisingly, someone wanted to pick up a bargain!"
"I don't believe that the ants shake the tree beyond their means. Whose capital can be compared to our Wall Street? 55
"Beat me to death!
Thus, capital can act again.
Lin Beifan is long, they are short, the two sides are hedging, and the trading volume is rapidly expanding.
Wall Street is rich in capital, and Lin Beifan is not bad. Both sides are fighting for each other!
Wall Street Capital was very surprised and did not expect that this potential opponent could pull with them for so long, and the strength was not bad!
So I worked even harder, and smashed a large amount of empty orders into it!
As a result, in less than a few minutes, the 300 billion short orders left by Lin Beifan were all closed by Wall Street, and he fled smoothly!
When shorting crude oil, the price of a barrel of crude oil is $20.
Therefore, these companies can't hold it anymore, even if they lose money, they have to send it out.
After listening to the expert's explanation, everyone finally understood.
"So I thought that at most you would let Zhao Feng out of the game, but I didn't expect you to let him owe the bank money!"
"What the hell is going on here, which expert can tell us?"
"Futures are risky, be cautious when entering the market!
If you save it for one day, it will cost you an extra day.
Lin Beifan liquidated the proceeds.
After everyone's call, an expert finally came out to explain.
Because the amount of funds is too large, reaching 300 billion, no bank can undertake the funds and provide margin transactions. Therefore, this 300 billion is his real capital.
Ye Xingchen, who silently observed the crude oil market, was also sweating and had lingering fears.
`"I thought it would be fine if I liquidated my position, and I would lose the principal at most! I didn't expect that you would still owe the bank money. It's terrible!"
That is to say, in just a few minutes, Lin Beifan earned 600 billion with a capital of 300 billion!
A drop of 200%!
All the news is talking about this.
Ye Xingchen shook his head: "Zhao Feng... It's really too miserable! I hope you can still laugh tomorrow!"
Lin Beifan went back to sleep.
"The risk of crude oil futures is too high, and I even let myself pay for it, and I will never play again in the future!
"How can crude oil futures be negative? This is the first time I have seen such a thing in my life!
However, the impact of this incident is spreading all over the world at an unprecedented speed.
"Lin Beifan, you are too cruel!"
"That's it, I've been taught!"
"Can crude oil futures have negative numbers? This time is really a good experience!"
Therefore, his profit also reached 200%!
When the position is closed, the price of a barrel of crude oil is - 20 dollars.
"In other words, I still owe money for selling crude oil!"
Because crude oil is a special commodity that is easy to play and can cause pollution to the environment, to save and store crude oil, special equipment, special sites, and a lot of labor must be required, and the cost is not low.
Almost doubled my assets!
In addition, the capital (Li Ma Hao) was a fool, so the price was negative.
Negative crude oil prices are permissible, entirely possible, and legally compliant.
Today is the final delivery time of crude oil futures, so many companies took the opportunity to sell.
But now, the global economy is sluggish, and there is no demand for crude oil, but it costs a lot to save crude oil, and it has to pay out every day. No company can afford such a price.
"With more than 60 billion capital, double leverage was used, and the total decline reached 200%! Not only did he lose all his own capital, but he also owed the bank 180 billion!"5
Lin Beifan smiled brightly: "It's done! Thanks to Wall Street Capital, I wish you a happy weekend! And Zhao Feng, I hope you can still laugh tomorrow!"5
