Extraordinary Genius

Chapter 1671 Breaking the $80 Line

Feng Yu divided the main market for everyone when everyone stirred crude oil together, including Kirilenko, who guarded the London market.

In his name as the richest man in Europe, Feng Yu hoped that he could pull some people into the club.

Their funding alone, while effective, is not enough to keep crude oil prices rising. Additional information is needed and more funding is needed.

There are plenty of hidden millionaires in Europe, and the world's top unlisted large companies are also dominated by Europe. Even the legendary Rothschild family is deified.

The so-called Rothschild family is just a community of interests, a loose collective of interests that may have kinship relations among its members, but no one is in charge.

They are like a joint-stock company, no one is an absolute controlling party, and all things are negotiated by the shareholders' meeting only in the interest of all their shareholders.

This ancient family, with many large companies, is inextricably linked. It's exaggerated to say that the Rothschild family can control the price of gold, but they're very good at investing in gold futures, which is true.

Since the family also likes to invest in finance, they are the ones who can fight for it. The price of crude oil rises, they get involved, they make money, so why not stick around?

Kirilenko contacted an important member of the Rothschild family and invited him to join him in investing in crude oil futures to drive up prices.

In fact, this member's family is not low, but it is not worth inviting Kirilenko personally, and it is important to invite other members of the family to participate.

Kirilenko succeeded, and the family, after analysis, also believed that crude oil futures could make money. Of course, they prefer and are better at stir-frying gold.

So they decided to work with Kirilenko, and they pulled other consortiums into the crude oil futures market, but Kirilenko and Feng Yu also had to help them release some news when they needed it and boost the price of gold.

Simply put, people accomplish each other, and then crude oil, they simply participate. Gold is their focus, and Feng Yu and Kirilenko simply participate in the gold futures, mainly by drawing on each other's names and connections, and then making a profit together.

Feng Yu was also aware that the US subprime mortgage crisis had already manifested itself, and that a large amount of money would soon leave the US stock market, and then the money would pour into other commodities.

When economic conditions are bad, gold prices rise, which is the norm. After all, gold is the real currency of the world, not the United States dollar.

Besides, the most generic dollar at the moment is also depreciating, so why not replace it with gold preservation?

Gold will also rise very vigorously during this time, but there is no significant increase in crude oil, because there is an OPEC attitude here.

Fortunately, Feng Yu has told Huaxia Zheng Axe in advance of his analysis, allowing them to increase their crude oil imports last year and the first half of this year, and even to pay for a year of crude oil demand in advance, so as to avoid too much impact when crude oil prices surge, after all, Huaxia's crude oil demand will surge this year.

And many of Huaxia's state-owned assets, also listened to Feng Yu's words, bought a lot of gold, which can also make the state-owned assets follow suit.

Only then can Feng Yu be relieved to stir up the storm, otherwise he will make money, but the country will lose, then who is Feng Yu?

As for involving Huaxia in the stir-frying of crude oil, this is simply not possible. Once state-owned capital is involved, it is a big problem. And the state capital buys gold, which is perfectly fine. Gold is the international currency.

The European side, led by some people, started entering, they bought a lot of crude oil futures contracts, and they also started selling dollars, echoing Feng Yu and them.

As a result, the price of crude oil finally broke $80 barrels!

After breaking this baseline, Feng Yu can rest assured that the price of crude oil has broken the reasonable line, so it will attract more attention and attract more international tourism.

……

“Boss, the price of crude oil has exceeded eighty dollars to eighty-one point three.” Reported by Juken Miller.

With Soros' eyes, crude oil broke through the $80 security line? Internationally accepted crude oil prices are the most reasonable between $50 and $60, but OPEC claims that $60 and $80 are the most reasonable.

So it's easy to understand that between fifty and eighty dollars is a reasonable range of crude oil prices.

But obviously there was no important news about crude oil, how did the price of crude oil break through 80 dollars? Huaxia, the US and other large demand countries are watching the price of crude oil rise?

Soros, they've also analyzed that if the price of crude oil breaks $80, there's a big chance that it'll touch the $100 line.

In other words, the price of crude oil will rise dramatically. Feng Yu and the others will make a lot of money!

How could Soros have missed out on this kind of profitable investment? Especially during this period, the stock market upturn in the US has slowed and the impact of the subprime mortgage crisis has become worse.

Their investments on the stock index, their profits are getting smaller and smaller, and their profits on the currency are even thinner, so investing in crude oil at this time is a very good option.

“Do you know why the price of crude oil suddenly broke $80?” Soros asked.

“On the European side, many consortia have purchased crude oil futures, driving up prices. ”

The European consortium is in? The consortium over there has always been what Soros wanted most. With the support of these consortia, it is no longer difficult for him to become the world's number one financial god.

With the European consortium joining, the price of crude oil has risen to around $100, which is all the more fine.

“As we have been informed, our investment structure has also been adjusted to reduce by two thirds the investments over there and to invest in crude oil futures. ”

“Boss, don't we buy gold?” Juken Miller warns that buying gold at this time is also a good option.

“We buy crude oil first, and when it rises by about 20 percent, we throw it away and buy gold.” Soros made the decision.

Juken Miller went out to work, and Soros lit a cigar and took a deep breath.

Feng Yu, I didn't expect you to be so lucky that you attracted the European consortium. But you can make money, and I can make money. And I'm gonna make more than you!

……