Villain: My wish, the enemy gets double

With Lin Beifan’s order, a hundred billion big order fell!

The price of crude oil plummeted straight down, piercing a lot of safety lines, and many investors blew up their positions and were cleared out!

Wall Street’s capital is confused.

“Who started the action?”

“Isn’t the appointed time not yet?”

“Forget it, it’s almost done, hurry up!”

“The feast of capital begins!”

……

As a result, the capital of Wall Street also took action, selling crude oil one after another.

When all capital acts together, the force of formation is very frightening, and the price of crude oil is falling like a bamboo, forming a straight downward line, and the disk is spent.

However, this is not the most frightening.

The most frightening thing is that the price of crude oil actually broke through the zero line and became a negative number!

Yes, you read that right, the price of crude oil really turns negative!

Everyone looked at this scene in horror.

“The price of crude oil has actually become negative?”

“How can this happen? Can you still lose money selling crude oil? ”

“Hell, here it is!”

“Is the crude oil futures system broken?”

“Off the beaten track!”

……

However, this is not the end of it.

When the price of crude oil broke the zero line, it actually continued to fall wildly, and the price fell to – 20 US knives / barrel!

The overall decline reached 200%, which is terrifying!

Everyone was scared silly!

Zhao Feng was the same way, looking at the plate dumbfounded!

How can there be a negative number in crude oil prices?

Can you still lose money selling things?

This is simply not logical!

He was doing a lot of crude oil, and the price of crude oil fell like this…

He took a look at the capital on his books, and because the amount of capital was too large to close the position, the result became negative.

His whole body panicked, “What about Ye Xingchen?” Where is he? ”

“Mr. Ye is going to the toilet!”

Zhao Feng roared, “Hurry up and find him for me!” ”

“But…”

Zhao Feng continued to roar, “Even if he is pulling, he must carry it out for me, go quickly!” ”

“Oh well…”

At this time, however, the capital on Wall Street laughed wildly.

“Can’t imagine?”

“Can’t imagine that the price of crude oil will fall below the negative number?” Ha ha! ”

“I think we can beat the price a little lower, to -40 US knives / barrel, how about it?”

“That’s exactly right! I not only have to eat meat, but I also drink soup! ”

“Agreed! I’m best at cutting leeks! ”

……

Wall Street capital can act once again.

Then at this moment, Lin Beifan gave the order: “Immediately close my position!” ”

“Yes, Mr. Lin!”

It turned out that Lin Beifan was short, but closing the position became a long position, and hedged with the short capital of Wall Street.

Lin Beifan’s capital is very strong, so the price is quickly pulled up.

This scene quickly attracted the attention of Wall Street.

“Someone is going long on crude oil?”

“Unsurprisingly, someone wanted to pick up a bargain!”

“If the ants don’t shake the tree, I don’t believe it, whose capital can be compared to our Wall Street?”

“Punch him to death!”

……

So capital can act again.

Lin Beifan is long, they are short, there is a hedge between the two sides, and the volume of transactions is rapidly enlarged.

Wall Street has strong capital, Lin Beifan is not bad, both sides you fight for me!

Wall Street capital was very surprised that this potential opponent could pull with them for so long, and the strength was not bad!

So I pushed harder, a large empty single smashed in!

As a result, in less than a few minutes, Lin Beifan’s 300 billion empty orders were all flattened by Wall Street and escaped smoothly!

Lin Beifan liquidated the proceeds.

Because the amount of funds is too large, reaching 300 billion, no bank can undertake this funding and provide margin transactions. Therefore, this 300 billion is his real capital.

Short crude oil, when short, the price of each barrel of crude oil is 20 US knives.

When closing a position, the price per barrel of crude oil is 20 US knives.

The decline reached 200%!

So, his profit also reached 200%!

That is to say, in these few minutes, Lin Beifan earned 600 billion yuan with 300 billion yuan of capital!

Almost doubled his assets!

Lin Beifan’s eyebrows widened and smiled: “Finish the work!” Thank you Wall Street Capital and have a great weekend! And Zhao Feng, I wish you a smile tomorrow! ”

Lin Beifan went back to sleep.

However, the impact of this incident is spreading around the world at an unprecedented rate.

All the news is talking about this.

“Can crude oil futures still be negative?” I’ve lived so long and seen this kind of thing for the first time! ”

“In other words, I still owe money when I sell crude oil!”

“I thought blowing up would be fine, the most I could lose my principal!” I didn’t expect to be able to make you owe money to the bank, it’s terrible! ”

“What the hell is going on here, and which expert can tell us?”

……

Under the call of everyone, finally an expert came out to explain.

Negative crude oil prices are permissible, entirely possible, and legally compliant.

Because crude oil is a special commodity that is easy to play and can pollute the environment, to save and store crude oil, it must require special equipment, special sites, and many labor, and the cost is not low.

This is all saved for one day, and there is an extra day’s worth of money.

But now, the global economic downturn, the demand for crude oil is gone, but the preservation of crude oil is a cost, every day to pay money out, no company can afford such a price.

Therefore, these companies can’t hold on, even if they lose money to send it out.

Today is the final delivery time for crude oil futures, so many companies take the opportunity to sell.

Coupled with the fact that capital is ghostly, the price is hit to a negative number.

After listening to the expert’s explanation, everyone finally understood.

“That’s the way it is, it’s been taught!”

“This crude oil futures is too risky, but also let myself post money, I will never play again!”

“Futures are risky, and you need to be cautious when entering the market!”

……

Ye Xingchen, who was silently observing the crude oil market, also pinched a handful of sweat and had a lingering palpitation.

“Can crude oil futures still have negative numbers?” This time it’s really a long sight! ”

“Lin Beifan, you are also too fierce!”

“Originally, I thought that you would let Zhao Feng burst out of the warehouse at most, but I didn’t expect to let him owe money to the bank!”

“More than 60 billion of capital, using twice the leverage, the total decline reached 200%!” Not only did he lose all his capital, but he also owed the bank 180 billion! ”

Ye Xingchen shook his head, “Zhao Feng… It’s really miserable! Hope you still laugh tomorrow! ”