Villain: My enemy gets double the wish I make

With Lin Beifan's order, a huge order of 100 billion was placed!

The price of crude oil plummeted, breaking through many safety lines. Many investors were liquidated and were kicked out!

Wall Street capital is confused

"Who takes action?"

"Hasn’t the appointed time arrived yet?"

"Forget it, it’s almost done, hurry up and start!"

"The capital feast begins!"

……

As a result, Wall Street capital also took action and sold crude oil one after another.

When all the capital acted together, the force formed was very terrifying. The price of crude oil fell like a rock, forming a straight downward line, which wiped out the entire market.

However, this is not the scariest thing.

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 has really turned negative!

Everyone looked at this scene in horror

"Crude oil prices actually turned negative?"

"How could something like this happen? Can I still lose money by selling crude oil?"

"Damn it, this is it!"

"Is the crude oil futures system broken?"

"What a departure!"

……

However, this is not the end yet.

When the price of crude oil broke through the zero line, it continued to fall crazily, and the price fell to -20 US dollars/barrel!

The overall decline reached 200%, which is absolutely terrifying!

Everyone was shocked!

Zhao Feng was the same way, he was dumbfounded when he looked at the board!

Why are crude oil prices negative?

Can you still make money selling things?

This is not logical at all!

He was long on crude oil, but the price of crude oil fell like this...

He took a look at the capital on his account. Because the capital was too large and he had no time to close the position, it turned out to be a negative number.

He was in a panic:"Where is Ye Xingchen? Where is he?""

"Mr. Ye is going to the toilet!

Zhao Feng roared:"Find him quickly!""

"But……"

Zhao Feng continued to yell:"Even if he is shitting, he has to be lifted out for me. Go!"

"Oh, alright……"

However, at this time, the capital on Wall Street laughed wildly

"Unexpected?"

"You never thought that crude oil prices would fall below negative numbers, right? Ha ha!"

"I think we can lower the price even further, to -40 US dollars/barrel. How about that?"

"Very right! Not only do I want to eat meat, I also want to drink soup!"

"agree! I am the best at cutting leeks!"

……

Wall Street capital can once again take action.

Then at this moment, Lin Beifan gave the order:"Close the position immediately!"

"Yes, Mr. Lin!"

It turned out that Lin Beifan was short, but when he closed his position, he became long and hedged with Wall Street's short capital.

Lin Beifan's capital was very strong, so the price was quickly pulled up.

This scene quickly attracted the attention of Wall Street

"Is anyone going long on crude oil?"

"As expected, some people want to take advantage!"

"I don’t believe it when an ant shakes a tree without measuring its own capabilities. Whose capital can match ours on Wall Street?"

"Beat him to death!"

……

Thus, capital can act again.

Lin Beifan was long, they were short, and the two parties were hedging, and the trading volume increased rapidly.

Wall Street has abundant capital, and Lin Beifan is not bad either. Both sides are competing for it!

Wall Street capital was very surprised. They did not expect that this potential opponent could hold off against them for so long, and his strength was not bad!

So I worked harder and put in a large amount of short orders!

As a result, in less than a few minutes, all the 300 billion short orders placed by Lin Beifan were closed by Wall Street, and he escaped smoothly!

Lin Beifan liquidated the proceeds.

Because the amount of funds is so huge, reaching 300 billion, no bank can accept this funds and provide margin transactions. Therefore, this 300 billion is his real capital.

Shorting crude oil, when shorting, the price of crude oil per barrel is $20.

When closing the position, the price of crude oil per barrel is -20 US dollars.

The drop reached 200%!

Therefore, his profit also reached 200%!

In other words, in just a few minutes, Lin Beifan made 600 billion back with 300 billion capital!

Almost doubled his assets!

Lin Beifan beamed:"We're done! Thanks to Wall Street Capital, I wish you all a happy weekend! And Zhao Feng, I hope you can still laugh tomorrow!"

Lin Beifan went back to sleep.

However, the impact of this incident is spreading throughout the world at an unprecedented speed.

All the news is talking about it

"Can crude oil futures still be negative? This is the first time in my life that I have seen this kind of thing!"

"In other words, I can still owe money if I sell crude oil!"

"I thought it would be fine if I liquidated my position. I would lose my principal at most! I didn’t expect that you could owe money to the bank. It’s terrible!"

"What is going on? Can any expert tell us?"

……

After everyone's call, an expert finally came out to explain.

Negative crude oil prices are allowed, completely possible, and legal and compliant.

Because crude oil is a special commodity that is easy to develop and can cause pollution to the environment. To preserve and store crude oil, special equipment, special sites, and a lot of labor are required, and the cost is not low.

If you keep this for one day, you will have one more day's money.

But now, the global economy is in a slump and the demand for crude oil has disappeared. However, it costs a lot to preserve crude oil. It has to pay out every day. No company can afford such a price.

Therefore, if these companies cannot survive, they will have to give it away even if they lose money.

Today happens to be the last delivery time of crude oil futures, so many companies took the opportunity to sell.

Coupled with capital's mischief, the price has been driven into negative numbers.

After listening to the experts’ explanations, everyone finally understood

"That’s it, I’ve learned a lesson!"

"The risk of crude oil futures is too high, and even if I let myself pay for it, I will never play it again!"

"Futures are risky, so be cautious when entering the market!"

……

Ye Xingchen, who was silently observing the crude oil market, also sweated and had lingering fears.

"Can crude oil futures still have negative numbers? This time I really learned a lot!"

"Lin Beifan, you are too cruel!"

"Originally, I thought that the most you could do was make Zhao Feng wipe out his position, but I didn’t expect that you would also make him owe money to the bank!"

"More than 60 billion in capital was used, twice the leverage was used, and the total decline reached 200%! Not only did he lose all his capital, he also owed the bank 180 billion! Ye Xingchen clicked his tongue and shook his head:"

Zhao Feng... is really miserable!" I hope you can still laugh tomorrow!"